The Apartment Rental Market Is Rigged by Algorithms, a DOJ Lawsuit Alleges

If you’ve rented an apartment in the US in the past several years, you may have had the sense that the game was rigged: Prices creep up not only at your building but at others throughout the city, seemingly in lockstep. A new civil lawsuit brought by the US Department of Justice today alleges that in many cases it’s not just in your head—and that a single company’s algorithm is to blame.

RealPage has repeatedly denied any allegations of antitrust violations, going so far as to publish a six-page digital pamphlet that claims to tell “the Real Story” about its products, along with an extensive FAQ page on a dedicated public policy website. The company did not immediately respond to a request for comment. “Attacks on the industry’s revenue management are based on demonstrably false information,” one section of that site reads.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Landlords offering 'sweeteners' like free parking as rental market slows: reportMore and more landlords are adding perks or 'sweeteners' to their rental listings to attract more prospective tenants as the markets slow down.
Source: FoxBusiness - 🏆 458. / 53 Read more »

'Soulless' gray vinyl floors have infested L.A.’s rental market — and tenants hate themOutdated gray vinyl floors are the object of ridicule, but the trend still fills rental units across L.A.
Source: latimes - 🏆 11. / 82 Read more »

Xpeng Launches as Australian EV Market Down, New Zealand Market RecoveringXpeng has made a spectacular launch in Australia as the Australian EV market contracts and the New Zealand EV market recovers.
Source: cleantechnica - 🏆 565. / 51 Read more »