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Rent Going Up? One Company s Algorithm Could Be Why

An algorithm is helping landlords set rent prices. Critics are concerned it's driving up prices and hurting competition.

New yorkUnited statesSpace needlePike place marketFrealpage yieldstarDana jonesSteve winnRyan kimuraJeffrey roperJames nelsonNicole lottKaylee hutchinsonBen teresaAmanda tolepKortney balasRealpage jay parsons

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.

New yorkUnited statesSpace needlePike place marketDana jonesSteve winnRyan kimuraJeffrey roperJames nelsonNicole lottKaylee hutchinsonBen teresaAmanda tolepKortney balasRealpage jay parsonsMaureenk ohlhausen

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.

New yorkUnited statesSpace needlePike place marketDana jonesSteve winnRyan kimuraJeffrey roperJames nelsonNicole lottKaylee hutchinsonBen teresaAmanda tolepKortney balasDoris burkeMaureenk ohlhausen

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