Lease Property Update(HAR report)
Consumers that chose not to buy a home in July brought plenty of business to the lease market. Single-family home rentals shot up 16.3 percent while rentals of townhomes and condominiums jumped 13.0 percent. The average rent for single-family homes was flat at $1,903 and the average rent for townhomes and condominiums was also unchanged at $1,653.