New York City brokers are more bullish on the real estate market than they’ve been in two years. Broker confidence is at its highest since the spring of 2012, the first year that Real Estate Board of New York began taking brokers’ temperatures on market strength.
Broker confidence overall rose to 9.22 in the fourth quarter of 2014, up from 8.8 in the third quarter, according to a REBNY survey. The index is also up from 9 during the fourth quarter of 2013. [more]