Chapter 6 Interactive component
- Analyzing the median rent in the entire US from 2019 to 2021 (the period when the pandemic was happening), surprisingly there is no drop in the rental prices.
- And neither it didn’t shoot up well.
- Instead we could see a steady flat line indicating that the rental prices of US were stable during the pandemic time.
- For every city except New York, we can see that the rental prices of that particular city follows the trend of the entire US rental price through 2019 to 2021.
- But for New York, there is a clear slight drop in the rental prices during the year 2020 (pandemic).
- Also we observed that the less popular City saw an increase in median rent during the pandemic, this was partly driven by the wide spread “Work From Home” inititives.
- Low mortgage rate during this pandemic also accounts for this trend.
- So, it is evident that the actual data replicates our assumption here.
- Hence, our hypothesis is true.