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QMSS-G5063-2022/Group_G_Covid_Housing_Prices

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NYC COVID-19 and the Housing Market

Group G Members

Click here to view our website.

This project aims to explore how the Covid-19 pandemic has impacted the housing market by focusing on comparing the sales price across NYC. The project will track how the waves of Covid-19 cases affected the price fluctuations by conducting data analysis on quarterly tabular, spatial and text data, with illustrations.

Research Questions:

  • How has Covid-19 affected the housing market via housing prices over time?
  • How has COVID-19 affected the NYC housing market? Are there any regional variations in the housing price fluctuations?
  • How has the overall perspective on Covid-19 changed over time?

The website has been coded using HTML, CSS, and JavaScript from scratch to build a simple, yet user-friendly website.

Part 1: Trends in Covid-19 and Sales Price

Part 1 examines Covid-19 rate and sales prices in all five boroughs in NYC from the 3rd quarter of 2020 to the 1st quarter of 2022. ggplot2 and ggplotly in R is used to create the visualizations.

Part 2: Geographical Variations

This section maps out the changes in the NYC Covid-19 case rates and housing prices by quarter using ggplot2. Specific neighborhoods are consulted from the analysis.

Two hypothesis are tested in this section:

  1. The association between Covid-19 and housing prices is negative.
  2. The association between Covid-19 and housing prices is positive.

Part 3: Text Analysis

The final section studies the changes of perspective on Covid-19 over time (2020 Q3 vs. 2021 Q4) by conducting sentiment analysis and creating word clouds using Python.

Data Sources

The codes we did for data analysis and producing visualizations can be found here and the codes used for building the website can be found here .

Our process book that logs our work from start to end can be found here

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