NEW YORK CITY—Residential and commercial brokers here are showing some concern over the potential impact of a hike in interest rates and the continued lack of two-bedroom apartments will have on the New York City real estate market.
The Real Estate Board of New York released its Broker Confidence Index for the second quarter on Thursday. Residential and commercial brokers polled by REBNY recorded a slight drop in confidence as compared to the first quarter of this year.
The Overall Broker Confidence Index for the second quarter of 2015 was 8.84, down from last quarter's 9.05 and virtually unchanged from a year ago. Despite the dip in the overall index this quarter, brokers' perceptions of the market continue to lean positive, REBNY states.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
