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DOJ sues software firm, alleging pricing algorithm enables landlords to raise rents

  • The U.S. Department of Justice and eight states have sued RealPage, claiming its software helps landlords illegally collude and inflate apartment rents.
  • The civil lawsuit alleges RealPage’s algorithms manipulate landlord data to suppress market competition, leading to higher rents across the United States.
  • Attorney General Merrick Garland stated, “Americans should not have to pay more in rent because a company has found a new way to scheme,” highlighting concerns over corporate landlords.
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Associated Press NewsAssociated Press News

Justice Department accuses RealPage of a scheme to help landlords hike rents in antitrust lawsuit

The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices. The

·United States
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abc Newsabc News

Justice Department accuses RealPage of violating antitrust laws through scheme to hike rents

The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.

·United States
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The Star Kuala LumpurThe Star Kuala Lumpur

U.S. accuses real-estate software company of illegally coordinating rent prices

NEW YORK, Aug. 23 (Xinhua) -- The U.S. Justice Department and eight states on Friday sued real-estate software company RealPage, accusing the company of deploying a rent-setting algorithm that allows landlords to illegally coordinate price increases. Read full story

·Malaysia
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CNNCNN

Real estate company helped to artificially inflate rents across America, Justice Department alleges

The Justice Department has filed a civil lawsuit against the real estate company RealPage, alleging the company’s software uses landlord data to artificially inflate the price of rent across the United States by quelling competition in the market.

·Atlanta, United States
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Washington TimesWashington Times

Justice Department accuses RealPage of a scheme to help landlords hike rents in antitrust lawsuit

The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.

·United States
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KIFIKIFI

Real estate company helped to artificially inflate rents across America, Justice Department alleges

By Holmes Lybrand and Evan Perez, CNN (CNN) — The Justice Department has filed a civil lawsuit against the real estate company RealPage, alleging the company’s software uses landlord data to artificially inflate the price of rent across the United States by quelling competition in the market. According to the complaint, the Texas-based company uses nonpublic data from landlords to train RealPage’s algorithm for pricing recommendations, creating …

·Idaho Falls, United States
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