DOJ Sues RealPage Over Alleged Rent Price Collusion

Lawsuit claims software firm used algorithm to stifle competition and inflate rental prices across the U.S.. RealPage

RealPage is accused of coordinating apartment prices among landlords using its pricing algorithm.
The Justice Department alleges the software enables landlords to share sensitive information and align rents.
Eight states have joined the federal lawsuit filed in North Carolina.
RealPage denies the allegations, stating that its software operates within legal boundaries.
The case emerges amid rising housing costs and increased scrutiny on rent pricing practices.