Lease Property Update(HAR Report)
The Houston lease market experienced a sluggish January. Leases of single-family homes fell 18.4 percent year-over-year while leases of townhomes and condominiums tumbled 6.3 percent. The average rent for single-family homes increased 6.0 percent to $1,889 while the average rent for townhomes and condominiums increased 0.9 percent to $1,607.