Charlotte Faces Rent Hike Allegations Amid Federal Price-Fixing Lawsuit Against Software Giant RealPage
Charlotte, N.C. — In an innovative legal challenge highlighting the evolving intersection of technology and antitrust laws, the U.S. Justice Department has filed a lawsuit against RealPage, a software company accused of artificially inflating apartment rents through its advanced data algorithms. This suit, alleging price fixing, claims the company has violated antitrust laws by manipulating rental price recommendations across several U.S. metropolitan areas, including Charlotte. The federal suit contends that RealPage’s software collects sensitive rental data from apartment managers and uses this to set higher rental prices than the market would typically dictate. This is … Read more