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Broker confidence in New York City slumped for a third straight quarter but remained in positive territory, according to the latest survey from the Real Estate Board of New York (REBNY). 

But the decline was largely driven by brokers’ outlook on the residential market: the Current Confidence Index for the sector went from 50.63 to 31.41 in Q1, whereas the Commercial Current Confidence Index was essentially flat.  

 

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