Lease Property Update(HAR Report):
Consumer demand for lease properties was mixed in August while rent prices were up. Single-family lease homes fell 10.2 percent year-over-year. Leases of townhomes and condominiums edged up 1.8 percent. The average rent for single-family homes rose 9.6 percent to $2,153 while the average rent for townhomes and condominiums increased 6.9 percent to $1,765.