Lease Property Update(HAR Report):
Houston’s lease market enjoyed a positive March overall, still benefitting from consumers that have postponed homebuying plans until the market hopefully yields a broader and more affordable supply of housing. Single-family rental homes rose 18.3 percent year-over-year. Leases of townhomes and condominiums were unchanged. The average single-family rent rose 6.7 percent to $2,075 while the average rent for townhomes and condominiums increased 7.6 percent to $1,852.