There are plenty of places in the country where $500,000 will buy you a beautiful home, an estate even. In parts of Boston, it gets you a parking space.
Parking spot sales are rare and difficult to track. But when the true cost is revealed, they can provide a stark indication of how expensive the Boston housing market is.
A 30-year-fixed mortgage in the Boston area in September of 2021 sat at 2.88% - now it's at 6.29%, which experts say should normalize the market and make it.