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REBNY: Brokers Confident But Watching Interest Rates

NEW YORK CITY—The broker confidence index—measured every quarter by the city's largest trade organization—while high, was down slightly in Q1 due to fears of the potential impact of an expected interest rate spike.

By Rayna Katz | Updated on April 28, 2015

NEW YORK CITY—New York City brokers’ confidence remained positive and robust in the first quarter of 2015 with strong sales prices and market activity, according to the Real Estate Board of New York‘s latest Broker Confidence Index, released Tuesday.

The Overall Broker Confidence Index was 9.05, a slight decline from 9.22 in the fourth quarter of 2014, but ranking above 8.80 in the third quarter of 2014. The slight dip quarter-over-quarter was attributed to brokers’ concern over the potential impact of an interest rate increase expected toward the end of this year—coupled with low inventory.

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