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Rent Going Up? One Company s Algorithm Could Be Why

One company s algorithm is driving rents higher and higher across the country

This story was originally published by ProPublica. On a summer day last year, a group of real estate tech executives gathered at a conference hall.

How a Secret Rent Algorithm Pushes Rents Higher — ProPublica

Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.

Police Logs | News, Sports, Jobs

New Ulm Police • Responded to a three-vehicle crash with minor injuries on Highland Avenue and Oak Street at 3:03 p.m. May 5. Road conditions were wet. Sydney Owens, 16, New Ulm, was driving a 2017 Ford northbound when she said she sneezed, causing her to strike the rear end of a 2003 Toyota driven by Carter Lang, 17, New Ulm, who was also northbound. The impact caused the Toyota to strike the rear of a 2008 Dodge driven by Kaylee Hutchinson, 18, New Ulm. Owens and Hutchinson reported minor injuries. Damage was minor to all three vehicles. All three drivers wore seat belts. • Received information about an argument over a water leak at Traulich Estates, 2201 N. Broadway, at 10:15 a.m. May 5. A report was sent to police investigators.

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