Q4 2014 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Confidence Index for the fourth quarter of 2014 increased to 9.22, the highest level of confidence reported since the survey has been issued. Confidence is up across the board, including confidence from both commercial and residential brokers. Their expectation for the market for the near future (six months from now) is also up. Brokers generally reported that the reason behind their confidence was a steady rise in prices in the residential and commercial market, sales and rental, indicating a strong, active, stable market.