The Department of Justice has filed an antitrust lawsuit against RealPage, accusing the software company of facilitating price-fixing among landlords and driving up rent prices. This case is significant as it sheds light on one potential factor behind the recent surge in rental costs, with implications for housing affordability and inflation.
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How one company transformed the apartment rental market
"RealPage is designed to help property managers and renters find the right price to fill their units, keep occupancy rates high, and manage seasonal fluctuations in demand so that there are units available at the times prospective renters need them,"
