Across the country, Americans are struggling to keep up with the rising cost of rent. Rental prices have gone up roughly 35% during the last five years, according to the real estate service firm Zillow. Recently, the Justice Department and attorneys general from eight states filed a lawsuit against a software company that helps landlords manage 16 million rental units nationwide.
That company is called RealPage. According to the lawsuit, RealPage has shared data about rental properties that has led property owners to collude rather than compete in the rental market. Sandeep Vaheesan, legal director at the Open Markets Institute, joins us on The Excerpt to discuss RealPage and the recent antitrust lawsuit filed against them.
Hit play on the player below to hear the podcast and follow along with the transcript beneath it. This transcript was automatically generated, and then edited for clarity in its current form. There may be some differences between the audio and the text.
Dana Taylor: Hello, and welcome to The Excerpt. I'm Dana Taylor. Today is Thursday, October 24th, 2024, and this is a special episode of The Excerpt.
Across the country, Americans are struggling to keep up with the rising cost of rent. Rental prices have gone up roughly 35% during the last five years according to the real estate service firm, Zillow. Recently, the Justice Department and Attorneys General from eight states filed a lawsuit against a software company that helps landlords manage 16 million rent.