The Justice Department has filed a lawsuit against the company behind a popular software tool used by landlords to set rental prices. The lawsuit claims that RealPage’s rent recommendation algorithm artificially inflates rental prices and "deprives renters of the benefits of competition in apartment leasing." The complaint, joined by eight states, accuses RealPage of collecting confidential rental price data from competing landlords who use its software. This data is then allegedly fed into RealPage’s pricing algorithm, which provides rent rate suggestions to landlords. According to the lawsuit, these suggestions go beyond mere "recommendations." RealPage is also accused of influencing other landlord policies by discouraging concessions and discounts for renters. The software even includes an "auto accept" feature that allows landlords to automatically adjust rents according to the algorithm’s recommendations, effectively outsourcing their pricing decisi
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