The DOJ is reportedly investigating rent-setting software company RealPage

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The story "The DOJ is reportedly investigating rent-setting software company RealPage" was covered 2 months ago by The Verge, a news publisher based in United States.

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The Verge 2 mo ago

The DOJ is reportedly investigating rent-setting software company RealPage - The Verge

Quick Summary:

According to a report from ProPublica, the DOJ is looking into whether the company’s rent-setting software allows landlords to coordinate and raise rent across the nation.

While data from Apartment List indicates that rental prices have decreased slightly over the past couple of months, it’s still up by 5.7 percent year over year, and a report from CNBC indicates that rent prices will continue to trend upward through 2023.

RealPage is reportedly aware that its software is helping to drive up rent, ProPublica reports, and it discourages landlords from negotiating with tenants.