Lease Property Update(HAR Report):
Lease properties registered a mixed performance in March. Single-family lease homes fell 17.9 percent year-over-year while leases of townhomes and condominiums rose 5.7 percent. The average rent for single-family homes increased 8.8 percent to $1,944 while the average rent for townhomes and condominiums rose 6.8 percent to $1,720.