Lease Property Update(HAR Report):
Houston’s lease market enjoyed a strong January, most likely fueled by consumers that have postponed homebuying plans until the market yields a more plentiful and affordable supply of housing. Single-family lease homes rose 7.8 percent year-over-year. Leases of townhomes and condominiums increased 2.6 percent. The average single-family rent went up 9.7 percent to $2,070 while the average rent for townhomes and condominiums jumped 11.9 percent to $1,801.