Q3 2014 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Confidence Index for the third quarter of 2014 showed that broker’s confidence decreased slightly compared to last quarter from 8.88 to 8.80. Both residential and commercial brokers’ confidence marginally decreased, with commercial brokers’ confidence slightly higher than residential brokers. This has been the case since the first quarter of 2013. Although confidence levels have not dropped below 8.80 in 2014, confidence in the market has slipped since the beginning of 2014, decreasing in both confidence in the current market and confidence in how well the market will do in the near future.