Nov 012022
 

by Heather Vogell ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The chair of a U.S. Senate committee asked the Federal Trade Commission on Tuesday to review whether a Texas-based property tech company’s rent-setting software violates antitrust laws. The move comes after ProPublica published an investigation Oct. 15 into RealPage’s pricing software, which suggests new rents daily to landlords for all available units in a building. Critics say the software may be helping big landlords operate as a cartel to push rents above competitive levels in some markets. “Alarmingly, recent reporting by ProPublica highlighted that RealPage’s algorithm-based price optimization software,…

External feed Read More at the Source: https://www.propublica.org/article/yieldstar-rent-increase-senate-antitrust-apartment

 2022-11-01  Add comments

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