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.
Source: truthdig.com
Stay updated with breaking news from John Stepan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
An algorithm is helping landlords set rent prices. Critics are concerned it's driving up prices and hurting competition.
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...
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.