DOJ accuses tech firm RealPage of enabling landlords to collude on rents
The Department of Justice has sued real estate technology company RealPage for allowing landlords across the country to use its software to illegally raise rents for their tenants. The shocking lawsuit, filed jointly by eight states – California, Colorado, Connecticut, Minnesota, North Carolina, Oregon, Tennessee and Washington – alleges that RealPage helped landlords fix prices, […]
DOJ sues software firm, alleging pricing algorithm enables landlords to raise rents
The Department of Justice (DOJ) sued property management software company RealPage on Friday, alleging that the company’s pricing algorithms allow landlords to share sensitive pricing information and increase rents. The lawsuit, joined by attorneys general from North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, alleges that RealPage violated antitrust laws by restricting competition […]
Growing number of Americans with jobs are homeless thanks to ‘fast-rising rents,’ inflation: Report
Rising rent costs and soaring inflation are resulting in a growing number of Americans who have jobs but still don’t have homes. The Washington Post Local shelters and volunteer groups have found an increasing number of people with stable jobs becoming homeless, and one Tulsa organization reported that a lack of affordable housing is the […]
Dear Mr. Fed Chair Powell Sir, Rents Are Blowing Out and People are Hurting
In 34 of the largest 100 cities, rents spiked by 15%-28%. Tenants get to pay for your reckless monetary policies that made the wealthy far wealthier In January, the median asking rent for one-bedroom apartments increased by 10% or more in 56 of the 100 largest cities in the US, compared to a year earlier. […]
Monthly rents across country continue to rise in June: Report
US housing costs are rising again Zumper’s National Rent Report. According to the report, the national average rent for a one-bedroom apartment increased 1.5 percent in June to $1,526, while the national average rent for a two-bedroom apartment increased 1.9 percent to $1,900. “The continued monthly upward trend in the national index, combined with […]
Biden’s Mass Migration is Skyrocketing Rents, Housing Costs for Americans
Former President Donald Trump said President Joe Biden’s administration has seen a record influx of illegal immigrants into the United States, causing rent and housing costs to skyrocket for Americans. In a speech in Phoenix, Arizona, on Thursday evening, Trump focused on the Biden administration’s plans to turn the U.S.-Mexico border into European-style checkpoints, allowing […]
Inflation Pushing Up Rents, Garbage Collection, Electricity
Americans looking for shelter from inflation are unlikely to find shelter at home. Inflation under the Biden administration is making it more expensive to maintain a household. Rent, utilities and garbage collection fees all increased by nearly 6%. Rent and associated shelter costs are jumped off From March 2023 onwards, 5% or more: — Rent […]
Rents rose for third straight month in March: Redfin
Median rent prices in the U.S. rose for the third straight month in March, rising 0.8% from a year earlier to $1,987, according to the latest survey. report From real estate company Redfin. Rent prices have been falling across the country for the past three months, but like inflation, rents are starting to rise again. […]
Albany close to landmark pact to boost NYC housing stock, curb rents: sources
No one is satisfied with their housing. A reliable sign that a landmark housing package is nearing reality, with many parties making last-minute cries to get priority, including a final plan to increase the number of homes and apartments in the Big Apple. That’s what I’m raising. Negotiators have reached preliminary agreements on many key […]
Joe Biden Spikes Migration Yet Complains About Rising Rents
President Joe Biden has complained that “rents are too high” after he intentionally imported 10 million legal and illegal immigrants into American neighborhoods by raising rents. The sudden election-year accusation was posted on March 14th. Politico.comdoes not mention Biden’s decision to import millions of new immigrant borrowers. Mr. Biden has repeatedly asked top officials for […]