Diamond's R Homes Blog

New Lakefront Homes Eagle Mountain Lake

Diamond R (Diamond R Homes) — Thu, 24 Sep 2009 11:06:42 -0500

A must see! Imagine sitting on your shaded back porch overlooking a beautiful quite cove as the day is ending. As you sit back and relax you hear the relaxing sound of two waterfalls as they gentle fall into the lake and the cares of the day melt away. This home is located in private gated upscale neighborhood and sits next to a private park. The lot itself is covered with mature live oak trees that provide tons of shade and add to the relaxing atmosphere. The home has been decorated and looks stunning! If you would to experience this home an open house will be held each Saturday and Sunday from 1-5 PM. If you would like a private showing feel free to call 817-983-3236 see our web site at DiamondRHomes.com see our blog at DRHomesblog.com

Haslet Custom Homes

Diamond R (Diamond R Homes) — Wed, 09 Sep 2009 18:05:09 -0500

Diamond R Homes broke ground on the first of 3 build to suits to be built in the Spring Ranch neighborhood today. With more and more customers discovering Diamond R Homes services expect to see more soon!

Wow! It is turning out better than we ever dreamed!

Diamond R (Diamond R Homes) — Thu, 03 Sep 2009 17:34:56 -0500

You have got to see our home on Eagle Mountain Lake! Spectacular!

Realtor Party!

Diamond R (Diamond R Homes) — Wed, 02 Sep 2009 09:34:09 -0500

Diamond R Homes will be hosting a Realtor Party on September 10th at 8524 Waterfront Ct. Fort Worth, Texas 76179 from 5 till 7PM. Come join us at our recently finished lakefront home on Eagle Mountain Lake and enjoy margaritas, beer and wine on the cool shaded back patio overlooking the lake. Please respond to this blog post or call Shelley Homer at 682-432-4448 to let us know you are coming.

More Good News U.S. Home Sales

Diamond R (Diamond R Homes) — Tue, 01 Sep 2009 15:58:20 -0500

More evidence that the housing market is on the upswing. As reported by MSN mobile "U.S. home sales rose more than expected in July to the highest point in 2 years". We at Diamond R Homes continue to see increased traffic and interest and are experiencing a record year. We invite you to join us!

Better every day!

Diamond R (Diamond R Homes) — Tue, 25 Aug 2009 10:36:00 -0500

The momentum is starting to build! I can see it in peoples eyes, the market has turned around. Now more than ever is the perfect opportunity to build a custom home. Low rates, building costs and land costs. Perfect Storm!!!

MUST SEE HOME!!!!!!!!!!!

Diamond R (Diamond R Homes) — Fri, 21 Aug 2009 10:02:35 -0500

For anyone who ever had the desire to live on a lake Diamond R Homes has created a home so spectacular that the fact that you can have your own boat dock is just a bonus! Come and visit 8524 Waterfront Court Fort Worth, 76179 to see something special!

More Success

Diamond R (Diamond R Homes) — Thu, 20 Aug 2009 17:06:30 -0500

Many thanks to the 3 new families that have put their trust in Diamond R Homes as their home builder of choice. We are so thankful for the opportunity to serve these families and looking forward to meeting our next future Diamond R Homes homeowner.

Time to act!

Diamond R (Diamond R Homes) — Tue, 21 Jul 2009 10:56:04 -0500

Today the Fort Worth Star Telegrams Work & Money section headline proclaims what we have been experiencing already over the past few weeks: "Forecast of economic activity rises for 3rd straight month". The article goes on to say that " a government report shows that construction of U.S. homes in June rose to the highest level in seven months". What does this mean to the potential homebuyers who is sitting on the fence wondering what to do? Very simple it is TIME TO ACT!!!!

I previously spoke of "The Perfect Storm" to build your dream home. Each day that goes by gives us more and more evidence that we are in the midst of The Perfect Storm. We all know how hard it is for the media to report anything positive, lets face it the old saying is "if it bleeds it leads". So if we are getting this kind of positive news you know things must be getting better! Yes, we still have some things to work through but this is the time when real opportunity is there to set the path for a great future. The question is: WILL YOU BE ONE OF THOSE THAT ACTS???

Eric Ritenour

Visionary Pacesetter

Diamond R Homes, Inc.

The Perfect Storm

Diamond R (Diamond R Homes) — Thu, 16 Jul 2009 15:53:09 -0500

Over the past few weeks customers are beginning to show up in droves! We have not been this busy for some time. Why you ask now? I believe that home buyers do not want to miss the "Perfect Storm" to build their new custom home. I have been in the New Home Building business since 1985 and I do not remember a better time to invest in building your new custom dream home. All the factors have lined up for the Perfect Storm opportunity! What is the Perfect Storm?

1) Record low interest rates! - Come on do we really think rates are going much lower? I can remember in 1985 selling homes that customers were getting DOUBLE DIGIT interest rate mortgages and they were HAPPY to get those. Today, mortgages are available in the 5% area, what are we thinking!!! Despite what you may hear from the media you can still get a loan! Yes I know that you have to do more than "fog the mirror" to get a loan but if you have decent credit and a fair amount of money to invest we are seeing our customers get loans everyday. I know many mortgage lenders who's business is great right now.

2) Building costs are low! - For the last two years the amount of starts of new homes have dropped to 15 year lows. Thus the law of supply and demand has kicked in and we are now purchasing building materials much less than even 6 - 12 months ago. Now is the time to act! As the market starts to improve and construction picks up as it is starting to, then you know what will happen. So don't wait to pay more!

3) Land costs are down! - There are plenty of lots on the ground right now to sustain the current rate of construction. There are some fantastic values out there right now. We are finding discounts up to 50% from what we saw a year ago. As sales rates continue to increase those discounts will disappear. Again, why wait to pay more!

I have been telling everyone I meet to take advantage of maybe a once in a lifetime opportunity to build your dream home. Diamond R Homes is a Full Service company that can meet you anywhere in the home buying process and get you to your goal of your dream home better than anyone! We would love to assist you in the realization of that goal. If not Diamond R Homes like I tell everyone BUY A HOME FROM SOMEBODY!!! Don't let the storm pass without taking advantage of it!!!

Eric Ritenour

Visionary Pacesetter

Diamond R Homes, Inc.

The Housing Crisis Is Over - Opinion

Diamond R (Diamond R Homes) — Sat, 17 May 2008 13:59:36 -0500

By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23

The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.

How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.

Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982.

Furthermore, residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the housing decline? Very simply, the same thing that caused the bust: affordability.

The boom made housing unaffordable for many American families, especially first-time home buyers. During the 1990s and early 2000s, it took 19% of average monthly income to service a conforming mortgage on the average home purchased. By 2005 and 2006, it was absorbing 25% of monthly income. For first time buyers, it went from 29% of income to 37%. That just proved to be too much.

Prices got so high that people who intended to actually live in the houses they purchased (as opposed to speculators) stopped buying. This caused the bubble to burst.

Since then, house prices have fallen 10%-15%, while incomes have kept growing (albeit more slowly recently) and mortgage rates have come down 70 basis points from their highs. As a result, it now takes 19% of monthly income for the average home buyer, and 31% of monthly income for the first-time home buyer, to purchase a house. In other words, homes on average are back to being as affordable as during the best of times in the 1990s. Numerous households that had been priced out of the market can now afford to get in.

The next question is: Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do.

In the past five major housing market corrections (and there were some big ones, such as in the early 1980s when home sales also fell by 50%-60% and prices fell 12%-15% in real terms), every time home sales bottomed, the pace of house-price declines halved within one or two months.

The explanation is that by the time home sales stop declining, inventories of unsold homes have usually already started falling in absolute terms and begin to peak out in "months of supply" terms. That's the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high - but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.

Inventories are declining because construction activity has been falling for such a long time that home completions are now just about undershooting new home sales. In a few months, completions of new homes for sale could be undershooting new home sales by 50,000-100,000 annually.

Inventories will drop even faster to 400,000 - or seven months of supply - by the end of 2008. This shift in inventories will have a significant impact on prices, although house prices won't stop falling entirely until inventories reach five months of supply sometime in 2009. A five-month supply has historically signaled tightness in the housing market.

Many pundits claim that house prices need to fall another 30% to bring them back in line with where they've been historically. This is usually based on an analysis of house prices adjusted for inflation: Real house prices are 30% above their 40-year, inflation-adjusted average, so they must fall 30%. This simplistic analysis is appealing on the surface, but is flawed for a variety of reasons.

Most importantly, it neglects the fact that a great majority of Americans buy their houses with mortgages. And if one buys a house with a mortgage, the most important factor in deciding what to pay for the house is how much of one's income is required to be able to make the mortgage payments on the house. Today the rate on a 30-year, fixed-rate mortgage is 5.7%. Back in 1981, the rate hit 18.5%. Comparing today's house prices to the 1970s or 1980s, when mortgage rates were stratospheric, is misguided and misleading.

This is all good news for the broader economy. The housing bust has been subtracting a full percentage point from GDP for almost two years now, which is very large for a sector that represents less than 5% of economic activity.

When the rate of house-price declines halves, there will be a wholesale shift in markets' perceptions. All of a sudden, the expected value of the collateral (i.e. houses) for much of the lending that went on for the past decade will change. Right now, when valuing the collateral, market participants including banks are extrapolating the current pace of house price declines for another two to three years; this has a significant impact on the amount of delinquencies, foreclosures and credit losses that lenders are expected to face.

More home sales and smaller price declines means fewer homeowners will be underwater on their mortgages. They will thus have less incentive to walk away and opt for foreclosure.

A milder house-price decline scenario could lead to increases in the market value of a lot of the securitized mortgages that have been responsible for $300 billion of write-downs in the past year. Even if write-backs do not occur, stabilizing collateral values will have a huge impact on the markets' perception of risk related to housing, the financial system, and the economy.

We are of course experiencing a serious housing bust, with serious economic consequences that are still unfolding. The odds are that the reverberations will lead to subtrend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway, right now.

Mr. Moulle-Berteaux is managing partner of Traxis Partners LP, a hedge fund firm based in New York.

Luxury Builder on Vista Ranch Acre Homesites and Northwest ISD, Best of Both Worlds

Diamond R (Diamond R Homes) — Tue, 12 Feb 2008 09:17:45 -0600

What happens when you combine scenic acre homesites served by the Northwest ISD with the premier custom home builder of Tarrant County - Diamond R Homes? You get to live the Lifestyles of The Rich and Famous without having to spend a million dollars! Luxury is not an option, it is a standard for Diamond R Homes.

Vista Ranch is an exclusive community of luxury homes on acreage near the Alliance Corridor. You will have a Haslet address, but no city taxes! Northwest Independent School District schools include the following: Sonny & Allegra Nance Elementary (K-5th Grade), Chisolm Trail Middle School (6th-8th Grade), and Northwest High School (9th-12th Grade).

Experience the Best of Both Worlds in north Fort Worth - A Beautiful Custom Home on acreage with a great education for your children, not to mention getting your piece of the Texan-American Dream: "Big House on The Prairie".

1 Acre Vista Ranch Lots in Haslet Alliance Corridor

Diamond R (Diamond R Homes) — Tue, 12 Feb 2008 09:00:32 -0600

You are going to love your Diamond R Home in Vista Ranch (north Fort Worth area) featuring one acre lots with no city taxes! The picturesque views among the rolling hills of this prime Fort Worth real estate have proved to be one of the favorite features of this terrain. This is truly country living with conveniences of a nearby city. The location to be more specific is Haslet near Eagle Mountain Lake and Alliance Corridor.

To view Vista Ranch, please contact us for an appointment. From North-East Loop 820, travel North on I-35W and take Highway 287 exit. Travel N on 287 for about 8 miles and exit Avondale-Haslet Road (FM 718). Turn Left, go over the bridge, then turn left on Business 287. Follow for 1 mile and turn right on Tinsley Road. Vista Ranch will be about 3/4 of a mile down on the right.

Aurora Vista Nature and Equestrian Trails

Diamond R (Diamond R Homes) — Mon, 21 Jan 2008 16:01:34 -0600

A bit like a day resort, there is plenty to do at Aurora Vista especially if you enjoy hiking, horseback riding and the great outdoors. You can explore the 20 foot wide tree covered trail that surrounds the entire phase II perimeter of the community or hang out at the Aurora Vista park gazebo that overlooks Jamie's Pond. Walk a mile on the concrete sidewalk surrounding the pond and watch while the kids play at the adjoining volleyball sand court, soccer field, and baseball field.

The community also connects to the independently owned Aurora Vista Equestrian Center adjacent to the community, where you can board your horses and across the street is the MD Resort, a Texas style bed & breakfast perfect for entertaining out of town guests. The Equestrian Center of Aurora Vista is also home to Wise County's first therapeutic horse riding program. Read on to find out more about what the neighbors are doing.

Diamond R Homes is one of the Approved Builders for Aurora Vista in the Northwest ISD.

Aurora Texas Real Estate: Diamond R Homes in Aurora Vista

Diamond R (Diamond R Homes) — Mon, 21 Jan 2008 15:50:32 -0600

The community of Aurora Vista offers more than 30 acres of open space dedicated to parks, riding and walking trails, and playing fields.

The community pond, complete with fountains, a waterfall and a concrete walking path, can be seen from the entryway of Aurora Lights Trail. Residents of Aurora Vista meet here to enjoy the gazebo, grills and picnic tables. Adults walk the path, while the children play and feed the resident ducks.

There's lots of space to get out and play with your dog or you can take a horse ride along the 2 mile riding trail surrounding Phase II.

Aurora Vista offers a variety of ways for you to enjoy the peace and serenity that only country living provides.

For the best in Aurora Texas Real Estate and Northwest ISD Homes, Contact us at Diamond R Homes!

Golf Courses near Aurora Vista and Northwest ISD

Diamond R (Diamond R Homes) — Mon, 21 Jan 2008 14:34:48 -0600

Auora Vista is served by the Northwest ISD. Just as important, your golf game won't suffer by living in this luxury homes community of Wise County. Within a 35 minute drive of the community are several 18-hole golf courses.

Willow Springs Golf Course in Haslet, Creeks of Beachwood Golf Course in Justin, Doral Tesoro Golf Course in Fort Worth, Fossil Creek Golf Course in North Fort Worth, Sky Creek Ranch Golf Course in Keller, Timmeron Golf Club in Southlake, Cross Timbers Golf Course in Azle, Lost Creek in Fort Worth, Meadowbrook in Fort Worth, Z-Boaz Golf Course in West Fort Worth, Whitestone Golf Course in Benbrook, Pecan Valley in Benbrook.

Diamond R Homes is an approved builder in the Aurora Vista Community and many other Luxury Communities around Tarrant County and Wise County. Contact us today!