Lease Property Update(HAR Report):
Consumer demand for lease properties waned in June as rent prices rose. Single-family lease homes fell 24.1 percent year-over-year while leases of townhomes and condominiums were unchanged. The average rent for single-family homes jumped 10.6 percent to a record $2,111 while the average rent for townhomes and condominiums increased 4.0 percent to $1,799, also a record.