Landlords Used Software to Set Rents. Then Came the Lawsuits.; The New York Times, July 19, 2024

Danielle Kaye, The New York Times ; Landlords Used Software to Set Rents. Then Came the Lawsuits.

"The use of the RealPage software in setting rents was the subject of a ProPublica investigation in 2022. Antitrust experts say the allegations in the lawsuits, if substantiated, paint a clear-cut picture of violations of federal antitrust law, which prohibits agreements among competitors to fix prices.

“There’s an emerging view that these exchanges of confidential business information raise significant competitive concerns,” said Peter Carstensen, an emeritus professor at the University of Wisconsin focused on antitrust law and competition policy. The use of algorithmic software, he added, “speeds up the coordination and makes it possible to coordinate many more players with really good information.”"