Rental Market
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…
NexMetro Communities is bringing a new built-to-rent development to the Dallas-Fort Worth area. The luxury leased home developer opened its 15th neighborhood in the region with Avilla Boat Club, a 107-home gated rental home community located in northwest Fort Worth’s coveted Eagle Ranch master plan. “Avilla Boat Club has an early interest list of more than 200 people seeking…
A Child Poverty Action Lab report released in July identified trouble brewing in the Dallas rental market, but you wouldn’t know it by the number of apartment projects approved on an almost-weekly basis by the Dallas City Council. The CPAL report issued the following findings: Public Facility Corporation Projects Three projects were approved Wednesday under…
