Lease Property Update(HAR Report):
Houston’s lease market staged a mixed performance in December. Single-family home leases rose 5.9 percent while townhome/condominium leases fell 23.0 percent. The average rent for single-family homes was up 7.5 percent to $2,042 while the average rent for townhomes/condominiums increased 5.5 percent to $1,731.