Low volume sapped residential brokers’ confidence in the fourth quarter of 2013, while commercial brokers felt bullish, according to the Real Estate Board of New York’s latest Broker Confidence index.
The eight-question poll, distributed among brokers on both sides of the market, sought agents’ views on the current and future state of the market. Residential brokers notched a slight dip to 8.32 from the previous quarter’s 8.51. Commercial brokers, on the other hand, were upbeat, with an overall confidence index of 9.49 from last quarter’s 9.18. [more]