How the Justice Department is cracking down on software that lets landlords collude on rent prices

The U.S. Justice Department is suing RealPage, Inc., accusing it of selling software that enables landlords to collectively set prices, an illegal practice known as price-fixing.

An all-time high of 11.6 million households are currently facing housing costs that consume over half their income, emphasizing the severe financial strain on renters.

Rental prices are climbing at double-digit rates in cities like Chicago and Washington, driven by increasing demand and a shrinking supply of low-rent units.

Factors such as rising capital costs for new rentals and regulatory barriers to multifamily construction are contributing to the unaffordable rental prices across the U.S.

Read at Fast Company