Oregon and Washington have joined forces with six other states and the federal government in an antitrust lawsuit against the real estate software company Real Page. The lawsuit accuses Real Page of conspiring with landlords to artificially inflate rental prices through the use of an algorithm designed to maximize profits.
According to the suit, Real Page’s software analyzes data from competing landlords to determine optimal rent prices, effectively allowing property owners to coordinate price increases and limit competition. This practice, as alleged by the Department of Justice (DOJ), violates antitrust laws aimed at ensuring fair market practices.
Real Page’s software is currently utilized in the management of approximately three million rental units nationwide, including significant numbers in both Oregon and Washington. The widespread use of this technology raises concerns about its impact on rental affordability for millions of American families.
“Americans should not have to pay more in rent simply because a company has found a new way to scheme with landlords to break the law,” stated U.S. Attorney General Merrick Garland. He emphasized the importance of holding companies accountable for practices that undermine fair competition and harm consumers.
The lawsuit seeks to address what officials describe as a troubling trend in the rental market, wherein software-driven pricing strategies contribute to rising housing costs and increased financial strain on renters. By joining this legal action, Oregon and Washington aim to stand up for their residents and ensure a more equitable housing market.
