On a summer day last year, a group of real estate tech executives gathered at a conference hall in Nashville to boast about one of their company’s signature products: software that uses a mysterious algorithm to help landlords push the high…

An algorithm designed to help property managers set rents may be boosting prices across the already pricey national market.

RealPage’s YieldStar software could be inflating apartment rents and suppressing competition nationwide, making it e…

Is a tech company partially responsible for skyrocketing rent prices? That’s the story, according to a class-action lawsuit filed in California this week.

Critics allege that Texas-based RealPage, which sells real estate and property manage…

Renters filed a lawsuit this week alleging that a company that makes price-setting software for apartments and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law.

The law…

The Department of Justice’s Antitrust Division has opened an investigation into whether rent-setting software made by a Texas-based real estate tech company is facilitating collusion among landlords, according to a source with knowledge of …

DC's attorney general has sued 14 of the city's largest landlord firms, claiming they entered into agreements with a property management software firm to keep rent prices high in a city with a housing affordability crisis.

The complaint, fi…

A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.

"We've been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the so…

In 2021, an Austin-based real estate finfluencer named Monte Lee-Wen made what was likely the quickest $50 million of his career selling the "Chronos portfolio," a group of five working-class Dallas-area apartment complexes he'd purchased t…

Imagine a system that lets big landlords in your city work together to raise rents, using detailed, otherwise-private information about what their competitors are charging.

Such a system is already underway, according to a series of lawsuit…

The Justice Department has sued real estate tech firm RealPage for allegedly allowing landlords to use its software to illegally collude to raise rents for tenants nationwide.

The bombshell lawsuit — filed jointly with eight states: Califor…

Illegal price fixing used to require a lot of work. In the mid-1990s, to fix the price of the animal feed additive lysine, executives of some of the world's biggest agribusinesses had to spend hours on airplanes flying to resorts where they…

Landlord Cortland Agrees to Cooperate with Justice Department and Enter into a Settlement to End the Use of Common Rental Pricing Algorithms and Competitively Sensitive Data to Set Rents

Attorneys General of Illinois and Massachusetts Join …

The US Justice Department today announced it filed an antitrust lawsuit against "six of the nation's largest landlords for participating in algorithmic pricing schemes that harmed renters."

One of the landlords, Cortland Management, agreed …

Millions of rents across the United States may now be set using one company's algorithmic software, according to a federal lawsuit and a Washington Post analysis.

RealPage, a property management software company, uses a trove of data to sug…