New York’s real estate brokers seem to be losing faith.
In a new Real Estate Board of New York survey, the city’s brokers said they are less confident in the housing market than they were three months ago, according to Capital NY. Tight credit and a lack of inventory for middle-income buyers are influencing the brokers’ negative outlook, according to the website.
The broker confidence index dropped to 8.80 at the end of September from 8.88 in the second quarter. Brokers are still more confident than they were a year ago during the same period, when the score was 8.75. [more]