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Algorithmic Rent-Setting Under Fire
Algorithmic rent-setting software is sparking a housing crisis as landlords use AI tools to inflate prices by sharing competitive data — turning the market into a digital cartel. A major win for tenants came when North Carolina’s AG settled with LivCor, a massive landlord, forcing them to stop using these pricing algorithms and halt data-sharing — a $7M deal that sets a crucial precedent for antitrust enforcement. Federal probes are also targeting RealPage, with landlords seeing rent spikes over 25% in a year. Cities like Raleigh and Charlotte are deeply affected, and this case could reshape…
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