Author Archives: JennyClaire

Assignment #2

Brooklyn and Queens have never been this expensive by Emily Nonko


This article focuses on home sales in Brooklyn, Queens and Manhattan.  Home sale prices have reached a high record for the third quarter of this year.  There are many factors that contribute to this increase in sale prices that in turn create a decrease in inventory available for sale.  Prices are escalating without negotiations between sellers and buyers.  Investors conveniently are launching several apartment listings that end up spending more time on the market due to being placed in a high price bracket.  As a result, buyers are being presented with a large supply of options, however all of this supply is priced at the higher end.  One graph in the article is used to support the information presented on the borough of Brooklyn:


The graph displayed is from the Brooklyn Concoran’s Group Resale condos data and it is used in the article to show the comparison of this year’s third quarter (3Q16) with last year’s third quarter (3Q15) in condos resale in Brooklyn.  The graph uses data of several condo listings that the Brooklyn buyers have at their disposal on the housing market.  It demonstrates that with only 4% increase in developments (inventory), the market for resale condo is still yielding strong sales with a 9% increase in price value.   The condo resale prices are not only above median price but also above average price between these two quarters.  This graph demonstrates that the record increase in Brooklyn home sale price is still going up.  A prosperous outcome for investors selling property in Brooklyn.

For more information, the remaining two graphs are from the Concorran’s report (link found at the bottom of the article under sources) that illustrate resale condos prices at a steady increase from 3Q8 until 3Q16 and a more graphic representation of the increase in median and average price value over the last two quarters 3Q15 and 3Q16.


Assignment #1


My name is Jenny (R.T.) and I am majoring in mathematics to work as a financial analyst.  Probability and statistics besides being an enjoyable and fundamental course for my degree, relates to my future career.  As a financial analyst, I would be focused on the relationships of time value of money and interest.  Measuring the risks involved with statistics, I would be recommending the best choice among several alternatives to my clients with the goal to reduce risk and monetary losses.  Financial analysis uses probability and statistics by evaluating alternatives allowing for the determination of the probability of success or failure of a project or investment opportunity.  Investors (private, government, public organizations, among many others) seek the assistance of financial analyst because of their thorough examination of all possibilities that will not only generate more income but also service producing outcomes.  By being presented with this evaluation, they can assume the risk involved or opt for ways to prevent or reduce these risks.  Probability and statistics is highly beneficial to this degree for the reasons stated.