Sens. Elizabeth Warren, Bernie Sanders, Tina Smith and Edward Markey said they investigated rental data firm RealPage and call for more scrutiny of the company’s role in nationwide rent growth. Continue reading
Tenants in Florida claim the company oversaw a “cartel” that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California. Continue reading
The next few years appear to be “in solid shape” for off-campus student housing as students flock back to campus and send the demand upward, according to a new report. Continue reading
A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. “The balance of power in the rental market is rapidly shifting to renters.” Continue reading
Fourteen major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It’s only the latest sign of widespread slowdown in rent. Continue reading
Lawmakers in both chambers of Congress have accused RealPage of anticompetitive practices. Calls for an inquiry come a month after a sweeping and critical report into the company. Continue reading
Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6 percent year over year, but the market is softening. Continue reading
Agreements between RealPage and some of the biggest apartment owners in the country drove up the cost of rent, which amounted to an illegal conspiracy that drove rents to all-time highs, the lawsuit alleges. Continue reading
The report, out Friday from news non-profit ProPublica, focuses on YieldStar, a piece of software the property management company says on its website is geared toward “optimizing rent pricing.” Continue reading
RealPage reports the third quarter saw the biggest slowdown in leasing traffic in 30 years of tracking. Paired with a slowdown in rent, it’s the latest sign of turbulence in the housing market. Continue reading