Q3 2016 Broker Confidence Index

The Real Estate Board of New York’s (REBNY) Real Estate Broker Confidence Index for the third quarter of 2016 was 5.79, a 1.25 drop from the second quarter of 2016.  There has been a slow, steady decline in overall broker confidence in the market since the fourth quarter of 2014 when it was 9.22, the highest it had been since we began surveying our brokers in the first quarter of 2013.