Lease Property Update(HAR Report):
Houston’s lease market staged a mixed performance in December. Single-family home leases fell 14.5 percent while townhome/condominium leases rose 13.1 percent. The average rent for single-family homes was up 7.5 percent to $1,899 while the average rent for townhomes/condominiums was up 3.6 percent to $1,641.