Real Estate

Step away from the chaos and into this light, bright Capitol Hill home, nestled in a blissful landscape rich in Denver history.

Background: Architect and auto mogul, Ralph Schomp — of the Schomp Automotive Group — and his family, meticulously reimagined the layout of this property, paying tribute to its 19th-century heritage.

Homeowners associations in Denver could face a new batch of regulations in an attempt to limit predatory practices.

Why it matters: There are currently no rules in Denver requiring HOAs to notify owners about property foreclosures, leaving homeowners in peril of potentially losing their homes.

The country's red-hot housing market has started to simmer down this spring after roughly two years of sky-high prices and sparse inventories.

Why it matters: Hopeful homebuyers who've struggled to find reasonably priced houses should be able to look forward to more options and fewer bidding wars — if only just a little, Axios Joann Mueller writes.

Denver locals need to earn 38.7% more than a year ago to afford the region's median-value home, per the latest analysis by real estate company Redfin.

The big picture: The income necessary to pay for a home in metro Denver has soared as limited inventory and strong demand have driven up sale prices, and surging mortgage rates have made home loans more expensive.

Denver designer Andrea Schumacher and her team gave this nearly century-old home a fresh look with splashes of color and patterns that pop.

The basics: The Country Club home has six bedrooms, seven bathrooms and one stunning speakeasy (more on that below).

Barnum, Barnum West and Villa Park property owners will have an easier time building accessory dwelling units (ADUs) after the Denver City Council on Monday approved a rezoning request.

Why it matters: With both home prices and rents increasing, ADUs are one way people can find affordable housing in the city.

Spring is historically seen as the start of the residential sales season — traditionally the hottest time of the year to buy a home.

The big picture: After the pandemic spurred a serious housing market frenzy, there's no sense of normalcy in residential real estate these days.

Mortgage rates surpassed 5% — their highest in more than a decade, according to data shared from Freddie Mac.

Why it matters: Low mortgage rates made home buying in a sellers' market more affordable throughout the pandemic.