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New Jersey Bans Algorithmic Rent Hikes | Jersey News
New Jersey just took a bold step to fight runaway rents by banning landlords from using algorithms to secretly coordinate prices with competitors—essentially stopping “collusion by algorithm.” The law, set to go into effect in July 2027, also bans sharing pricing data that fuels these systems and prohibits outright price-fixing agreements. Designed to boost competition and shield renters from automated rent hikes, the legislation was signed by Governor Mikie Sherrill, who acknowledged it won’t solve the housing crisis alone but aims to curb relentless price spikes. Property workers in the…
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