Rental Market
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…
Landlords across the country are facing lawsuits for profiting off inflated rent prices, and the Dallas City Council is lending its support to state and federal legislation to protect tenants. Legislative Director Clifford Sparks reviewed a Jan. 8 memorandum about the city’s legislative priorities related to housing and homelessness at a committee meeting last month. …
Private equity companies purchased 44 percent of single-family homes in the U.S. last year and Texas Gov. Greg Abbott said he wants to address the market distortion in the 2025 legislative session. “I strongly support free markets,” Abbott wrote on X after reposting comments alleging that the investor rush into the single-family market is driving…
