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AdvertisementYou're probably aware that a severe housing shortage has driven rents and home prices through the roof in recent years.
Now, several lawsuits filed across the country contend that the algorithmic software some big landlords use to determine rents has artificially inflated prices.
This allegation is unusual, given that RealPage doesn't have any market power over its clients, Stucke said.
AdvertisementProsecutors also allege that RealPage monitors the rents that its clients charge and disciplines landlords who don't adhere to its recommendations.
Persons:
—, Brian Schwalb, RealPage, They're, Maurice Stucke, RealPage didn't, Axios, Department —, Donald Trump —, Steve Winn, ProPublica, Stucke
Organizations:
Service, University of Tennessee, DOJ, The, Department, Prosecutors, Department of Justice, Democratic, Federal Trade Commission, Computer
Locations:
Washington, DC, RealPage, Texas, Seattle , New York, Boston, Colorado, Nashville