The Justice Department and states accuse RealPage Inc. of using its AI-enabled software to maintain market monopoly and diminish competition, ultimately harming renters' affordability.
Acting Associate Attorney General Benjamin C. Mizer stated, 'RealPage's egregious, anticompetitive conduct allows landlords to undermine fair pricing and limit housing options, stifling necessary competition.'
A ProPublica investigation revealed that rents significantly increased in properties utilizing RealPage's software, with renters experiencing price hikes even during periods of high vacancy.
Reports indicate that in some markets across the U.S., rental prices have risen dramatically due to the data-driven strategies employed by RealPage's management software.
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