Department of Justice Opens Criminal Investigation Into “Housing Cartel”
The U.S. Department of Justice is opening a criminal investigation into a major software company called RealPage, which is described in the lawsuit as the “big tech” company of rental housing. It provides software that is used by landlords (and, typically, landlords who are large holders of rental property) to estimate supply and demand for their listings in order to help them maximize rents. The question is whether or not RealPage is facilitating algorithmic price fixing for some of the largest residential property owners and management firms—amounting to what DC Attorney General Brian Schwalb has described as a “housing cartel.” And since Strong Towns has just released Escaping the Housing Trap: The Strong Towns Response to the Housing Crisis, we figured there was no better time to discuss this story than now.
ADDITIONAL SHOW NOTES
Order your copy of Escaping the Housing Trap: The Strong Towns Response to the Housing Crisis today!
“DOJ escalates price-fixing probe on housing market,” by Josh Sisco, Politico (March 2024).
Abby Newsham is the cohost of the Upzoned podcast. Abby is an urban design and planning consultant at Multistudio in Kansas City, Missouri. In her own community, she works to advance bottom-up strategies that enhance both private development and the public realm, and facilitates the ad-hoc Kansas City chapter of the Incremental Development Alliance. When she’s not geeking out over cities, Abby is an avid urban mountain biker (because: potholes), audiobook and podcast junkie, amateur rock climber, and guitarist. You can connect with Abby on Twitter at @abbykatkc.