DOJ Information Antitrust Go well with Versus RealPage, Maker of Rent-Location Algorithm Applying styles of what competitive marketplaces would appear like, researchers discovered that algorithmic pricing charges renters in models wherever it's made use of $70 extra per month, or four% of rent, on typical. In 6 key metro parts, the price exceeds $a hundred a month, the report identified.
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But when Camden adopted the nascent rent-location know-how in 2006, the company found that its gains grew Regardless that additional tenants ended up going out.
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RealPage’s popular software was accumulating nonpublic pricing information from various property professionals and feeding it via a widespread algorithm, which then advised an optimal rent amount to those that used it — in violation of regulations that prohibit this kind of coordination, federal prosecutors alleged.
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RealPage stated that the Assessment is “riddled with flawed assumptions,” and which the White Household hardly ever contacted the corporate with regards to the report.
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