Lease Property Update(HAR Report)
Houston’s lease property market slowed in August. Leases of single-family homes fell 13.3 percent year-over-year while leases of townhomes and condominiums declined 13.7 percent. The average rent for single-family homes increased 2.3 percent to $1,961 while the average rent for townhomes and condominiums edged up 1.0 percent to $1,654..