Some time in 2014, the Boston area real estate market should finally regain all the value lost following the housing market crash late last decade.
The collective value peaked at $604 billion in 2005, then bottomed out at $502 billion in 2011, Scott reports, citing Zillow data via Bloomberg.
If the current pace keeps up, full recovery should be achieved some time in 2014.
No mention of adjustments for inflation, etc. But we get the picture.
Btw: We’re also talking collective recovery, which otherwise may vary from town to town, neighborhood to neighborhood.