State AGs ramp up scrutiny of alleged price-fixing in rental housing ...Middle East

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State AGs ramp up scrutiny of alleged price-fixing in rental housing
An apartment building in downtown Raleigh, NC. Algorithmic price estimates, in which landlords might rely on complex data formulas to set rental rates, have become more popular in recent years, but lawsuits question whether the algorithms amount to price-fixing. (Photo: Rob Schofield for NC Newsline)In the past two years, more than 30 lawsuits have been filed in federal and state courts alleging that companies such as RealPage and Yardi are equipping corporate landlords with software algorithms that allow competitors to collude on rent prices. Algorithmic price estimates, in which landlords rely on complex data formulas to set rental rates, have become more popular in recent years. State an

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