Are Landlords Colluding On Rent?

RealPage software is used to set rental prices on 4.5 million housing units in the U.S. A series of lawsuits allege that a group of landlords are sharing sensitive data with RealPage, which then artificially inflates rents. The complaints surface as housing supply in the U.S. lags behind demand. Some of the defendant landlords report high occupancy within their buildings, alongside strong jobs growth in their operating regions and slow home construction.

Correction: A previous version of this video misrepresented Kevin Weller’s role in the class action lawsuit.

Chapters
0:00 Introduction
01:09 Chapter 1 - Lawsuits
02:54 Chapter 2 - RealPage
05:30 Chapter 3 - Housing markets
07:38 Chapter 4 - Collusion?

Produced, Shot and Edited by: Carlos Waters
Additional Camera by: Juhohn Lee
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, RealPage
Additional Sources: 20for20 Multifamily Consulting, AvalonBay Communities, Bozzuto, U.S. Bureau of Labor Statistics, Camden Property Trust, CourtListener, U.S. District Court Middle District of Tennessee, Equity Residential, Federal Reserve Bank of St. Louis, U.S. Judicial Panel on Multidistrict Litigation, National Multifamily Housing Council, New York Stock Exchange, Stargate Partners, U.S. Department of Justice, Office of Sen. Elizabeth Warren, Redfin, Reuters

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Are Landlords Colluding On Rent?