A recent lawsuit by the U.S. Department of Justice and nine state attorneys general highlights accusations against major landlords for using RealPage's software to collude on rental pricing. This practice, labeled as 'algorithmic collusion,' is said to have contributed to inflated rents and reduced fair market competition, compounding issues already present in the affordable housing crisis. The case could significantly impact how rents are set nationwide and provide much-needed relief to renters burdened by high costs.
The conspiracy allegedly engaged in by RealPage and these landlords has harmed Arizonans and directly contributed to Arizona's affordable housing crisis.
The potential outcome of the case could transform the rental market, delivering relief to renters who paid artificially high prices.
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