
1. For this analysis we looked at numerous publicly available datasets covering various economic signals — including GDP growth, housing price data and stock market data — to study the effect economic cycles have on different asset classes in the United States. We looked at year-over-year returns for the following indexes: US Home Price Index, US GDP Growth, S&P 500 Returns, Dow Jones Returns and Top-Tier Real Estate Home Value Index. 2. Zillow Research on June 7, 2022. (2022, June 7). Housing market hot but not a bubble, economists say. Zillow Research. Retrieved June 17, 2022, from https://www.zillow.com/research/zhpe-q2-2022-not-a-bubble-31093/ 3. Speianu, S., & Hale, D. (2022, June 1). May 2022 housing market trends report, Realtor.com Economic Research. Retrieved June 16, 2022, from https://www.realtor.com/research/may-2022-data/4. Nicole Bachaud on May. 19, 2022. (2022, June 1). The housing market is as competitive as ever despite soaring costs (April 2022 market report). Zillow Research. Retrieved June 17, 2022, from https://www.zillow.com/research/april-2022-market-report-31040/