I’m sure you’d rather talk about the vacation you’ve been dreaming about for the past year and 

a half – or even the newest granola flavors at Trader Joe’s - but let’s face facts: we’re starting to 

see the early ripples of inflation on the economy…and on New York’s real estate scene.

The uptick in costs in so many sectors should be no surprise. Prices that were suppressed 

during the pandemic, like airfare and hotel rooms and car rentals are now rebounding as we’re 

all vacating our cozy cocoons. Of course, inflation and worldwide delays in manufacturing due to 

Covid are all inextricably linked. And these global upheavals make their way right to our own 

backyard – with the price of building construction materials increasing every day - and question 

marks hovering over the valuation of current and future real estate inventory

Here's what’s happening

Buildings under construction or in the pipeline may very likely experience a sisquare-foot price 

rise of _ to _ % to offset the risings costs (and reduced supplies) of concrete, glass, steel, 

mechanical equipment of every description…as well as those irresistible kitchen cabinets from

Italy.

A chain reaction

Besides the inevitable increase in the price of new real estate properties, the value of existing 

condos and co-ops will, in all likelihood, also rise as owners (and real estate agents) re-assess 

the competitive marketplace.

Yes, there are deals

As I’ve mentioned in many of my newsletters, some of the best deal-making scenarios can be 

found in the hefty inventory of new-build condos taking over the skyline. But things are 

changing. Folks are sensing the return of New York and they’re coming back—and scooping up 

many of the best deals.

Appreciation offsets inflation

Real estate appreciation is a highly effective hedge against rising prices. In fact, the 

appreciation rate of US real estate has been consistently higher than inflation for over a decade 

now. Superb investment opportunities still abound throughout Manhattan, Brooklyn and Queens

– whether you’re looking for a beautiful new home or a revenue-producing rental property. It will 

be my pleasure to help you meet and surpass your goals in every economic climate.