US EditionNew limits for a rent algorithm that prosecutors say let landlords drive up prices
RealPage must use data at least one year old in rent algorithms, ending alleged 'algorithmic collusion' that raised rents, DOJ antitrust chief said.
- Under a settlement with the DOJ, rent-pricing software company RealPage can no longer use real-time data to recommend apartment rents, helping prevent landlords from coordinating higher prices.
- RealPage's software provided daily pricing recommendations to landlords using confidential data, which critics argued allowed them to illegally raise rents together.
- Several major landlords, including Greystar, have reached settlements over their use of RealPage's software, and some states and cities have passed laws cracking down on rent-setting algorithms.
82 Articles
82 Articles
New limits for a rent algorithm that prosecutors say let landlords drive up prices
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice. Federal prosecutors had accused RealPage of helping property managers illegally drive up rents across the country.…
New limits for a rent algorithm that prosecutors say let landlords drive up prices
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice. Federal prosecutors had accused RealPage of helping property managers illegally drive up rents across the country.…
New limits for a rent algorithm that prosecutors say let landlords drive up prices
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice. Federal prosecutors had accused RealPage of helping property managers illegally drive up rents across the country.…
New limits for a rent algorithm that prosecutors say let landlords drive up prices
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice. Federal prosecutors had accused RealPage of helping property managers illegally drive up rents across the country.…
New limits for a rent algorithm that prosecutors say let landlords drive up prices
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice. Federal prosecutors had accused RealPage of helping property managers illegally drive up rents across the country.…
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