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The allegations that RealPage’s algorithms artificially lifted rents prompted some cities to push back on rent-setting software. Yuki Iwamura/Bloomberg NewsThe Justice Department on Monday said it would settle its lawsuit against apartment-pricing company RealPage, which it had accused last year of enabling landlords to illegally coordinate rental-price increases.
The settlement, which requires court approval, would close one of the biggest antitrust cases that enforcers filed during the Biden administration, marking one of the first complaints against technology middlemen blamed for playing a role in price increases that pinch consumers.
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