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?