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REBNY Research: Real Estate Broker Confidence Index Q1 2020
April 9, 2020
The Real Estate Board of New York (REBNY) regularly surveys its residential and commercial brokerage members to measure their confidence in the New York City real estate market now and six months from now. Survey results are published quarterly with a maximum index of 10.
SPECIAL NOTE: REBNY Broker Confidence Index tracks broker confidence on a quarterly basis. Given the unprecedented public health and economic crisis as a result of the Coronavirus (COVID-19) global pandemic, this quarterly report also includes snapshot data to coincide with two major public announcements: the first, a March 13 declaration of a national emergency and the second, a March 20 New York State stay-at-home order for all workers of non-essential businesses.
REAL ESTATE BROKER CONFIDENCE INDEX
Overall Real Estate Broker Confidence Index for the first quarter of 2020 was 3.72 out of 10, a 46% decrease since brokers were last surveyed about the fourth quarter of 2019, and the lowest broker confidence on record.