After three consecutive record low quarters, broker confidence recovered in Q4 2020, according to The Real Estate Board of New York.

As of Q4, REBNY’s Quarterly Real Estate Broker Confidence Index was 4.35 out of 10, a 41% increase since its lowest point on record in the previous quarter. That was still a 37% drop year-over-year. In the survey, brokers reflect on their professional dealings and report their outlook on an index of 0 to 10. In Q4 2016, broker confidence was at 6.00.

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