Yes, it is the latest to result from antitrust lawsuits targeting RealPage and similar software companies which are helping rival property managers illegally align prices by push up rents and driving up housing costs.
The states that are part of the settlement include California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon and Tennessee.
As part of the settlement, software companies should no longer rely on other landlords' confidential and real-time data to set rents. Instead, the only nonpublic data that can be used to train the software's algorithm must be at least one year old.
