DOJ launches criminal probe into RealPage amid rent-fixing scandal

The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a “price-fixing combination.” Continue reading

CoStar, Zillow, RE/MAX among 118 firms sued by law enforcement

Atlas Data Privacy Corp. alleges the companies disclosed home addresses and unpublished home phone numbers for judges, police officers, prosecutors and their families. Continue reading

New suit alleges Yardi rent-setting software violates antitrust law

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates. Continue reading

Multifamily rental market rebounds to pre-pandemic levels

The median multifamily rent increased 2.5 percent in May, according to Yardi’s latest rent report. West Coast markets experienced the greatest increases as buyers hold off on the homeownership plans. Continue reading

A comprehensive list of online training classes available to agents

Although many brokerages are offering online training to their agents, some companies are providing online training services to any agent who’s interested. Continue reading

Average multifamily rent grows to $1,419 in US, up 3.2%

Overall, multifamily rents — for example, a unit in an apartment building – have increased 31 percent since 2011. Rising home values, a strong economy, and growing demand for rental housing have all played a role in this growth. Continue reading