The U.S. Department of Justice has filed a lawsuit against RealPage, claiming the company engaged in anti-competitive practices by leveraging its pricing algorithms to fix rent prices across various states.
RealPage's algorithmic pricing software allegedly enables landlords to collude indirectly, resulting in elevated rents that exceed market value, stifling competition within the housing market.
While RealPage defends its software as a tool that maximizes profitability for landlords, the Justice Department argues that it ultimately harms renters by preventing competitive pricing.
The lawsuit, supported by eight states, highlights concerns that RealPage's approach to pricing not only reduces competition but also allows it to monopolize the rental market.
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