Q3 2013 Broker Confidence Index

The Real Estate Board of New York’s Overall Broker Confidence Index for the Third Quarter of 2013 decreased slightly when compared to last quarter, a result of the ongoing inventory shortage within the Residential market. Brokers showed greater confidence in the current market during the Third Quarter of 2013 than in the previous quarter, chiefly due to the increase in confidence in the financing market for commercial real estate sales, for which an index of 10 was recorded. However, both residential and commercial brokers showed concern about the market six months from now due to the government standstill and the effect that any decisions will have on interest rates and the economy as a whole.