RadioBDC Logo
Home By Now | Bombay Bicycle Club Listen Live
 
 
< Back to front page Text size +

Back at peak values?

Posted by Scott Van Voorhis December 20, 2013 06:24 AM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

As 2013 ends, we are within striking distance of pretty big real estate landmark.

By the end of 2014, if not before, Greater Boston will have recovered all the real estate value that vanished when the bubble burst and Great Recession hit.

So how's that?

Boston-area real estate values peaked at $604 billion in 2005, before going on a six year soon that bottomed out at $502 billion in 2011, Zillow finds.

Since then, the real estate roller coaster has headed back up, and back up sharply, soaring $46 billion alone in 2013 to $568 billion.

A repeat performance in 2014, or anything close to it, will bring us back to peak values in 2005, which stood at $604 billion, according to Zillow.

One has to wonder whether it's all too much, too fast though. The startling speed with which prices are coming back seems very bubbly.

The $46 billion jump on real estate values across the Boston area we saw in 2013 eclipsed even the $22 billion run up from 2004 to 2005 as the housing bubble reached its peak.

Time to worry or celebrate? What's your take?

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

Latest interest rates

SPONSORED
RE by the Numbers
Mortgage Q&A: How do I convert my primary residence to a rental?
Today's article comes to us from a question posed by one of our readers. We love answering our reader's questions whenever possible. Should you want...
archives