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New York Residential, Commercial Brokers See Market as Negative for First Time Since 2020

Rising Interest Rates, Other Macroeconomic Concerns Worry Professionals, REBNY Survey Finds
New York brokers are worried about a potential cooling in demand, thanks to higher interest rates and other broader market concerns. (Getty Images)
New York brokers are worried about a potential cooling in demand, thanks to higher interest rates and other broader market concerns. (Getty Images)

Just as New York’s residential and commercial property markets see signs of recovery from the pandemic, rising interest rates, inflation and other macroeconomic worries are souring the moods of both residential and commercial brokers.

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