Get the latest tech news
RealPage lawyer denies collusion with landlords to raise rents, argues their information sharing is legal because the company aggregates rental data from numerous sources
RealPage's lawyer denied the company was helping landlords unlawfully raise rents, as the Justice Department alleged.
The Justice Department and attorneys general from eight states filed a lawsuit Friday against RealPage, a company that provides software to landlords to help manage 16 million rental units nationwide, largely in the Sun Belt and South. The lawsuit contends that by sharing sensitive information from landlords about rents, leases and vacancy rates, RealPage helps them collude to avoid competition and raise prices for millions of renters nationwide. High housing costs are a key concern for U.S. consumers ahead of the November presidential election, with home prices rising nationally by about 50% during the last five years and rents going up around 35% during that period, according to real estate service firm Zillow.
Or read this on r/technology