Rental Market
While some reports have suggested the delivery of more housing stock to D-FW over the last year has empowered consumers by giving them more options and negotiating leverage, a recent study by RentCafe shows there are still plenty of headwinds in the region’s rental market. D-FW renters are actually dealing with one of the tightest…
Conversion of office space into apartments has ramped up over the last few years, with Dallas placing fifth among metro areas across the United States for most units in the works this year. According to a study published by RentCafe on Monday, D-FW has 2,752 units in the pipeline as a result of adaptive reuse,…
From Staff Reports Dallas-based Willow Bridge Property Co. is among the latest to be accused by the U.S. Department of Justice of using RealPage’s rent recommendation system to drive up rates and decrease competition. The DOJ lawsuit was filed in August; Willow Bridge and five other multifamily property companies were added to the civil antitrust…
Staff Reports Dallas-based Invitation Homes has agreed to pay $48 million to refund customers in Dallas and other major markets affected by the single-family rental home company’s alleged misconduct, the U.S. Federal Trade Commission announced Tuesday. As the Dallas Business Journal reported, the settlement order requires Invitation Homes to: The real estate investment trust (REIT)…
Following a two-year investigation, the U.S. Department of Justice filed a civil antitrust lawsuit Friday against Richardson-based RealPage Inc., accusing the company of using an “unlawful scheme to decrease competition among landlords in apartment pricing” with its rental management software that landlords use to price apartments. “In a free market, these landlords would otherwise be…
