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Are Landlords Colluding On Rent?

RealPage software is used to set rental prices on 4.5 million housing units in the U.S. A series of lawsuits allege that a group of landlords are sharing sensitive data with RealPage, which then artificially inflates rents. The complaints surface as housing supply in the U.S. lags behind demand. Some of the defendant landlords report high occupancy within their buildings, alongside strong jobs growth in their operating regions and slow home construction. Correction: A previous version of this video misrepresented Kevin Weller’s role in the class action lawsuit. Chapters 0:00 Introduction 01:09 Chapter 1 - Lawsuits 02:54 Chapter 2 - RealPage 05:30 Chapter 3 - Housing markets 07:38 Chapter 4 - Collusion? Produced, Shot and Edited by: Carlos Waters Additional Camera by: Juhohn Lee Animation: Christina Locopo Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images, RealPage Additional Sources: 20for20 Multifamily Consulting, AvalonBay Communities, Bozzuto, U.S. Bureau of Labor Statistics, Camden Property Trust, CourtListener, U.S. District Court Middle District of Tennessee, Equity Residential, Federal Reserve Bank of St. Louis, U.S. Judicial Panel on Multidistrict Litigation, National Multifamily Housing Council, New York Stock Exchange, Stargate Partners, U.S. Department of Justice, Office of Sen. Elizabeth Warren, Redfin, Reuters » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview and save 50% with discount code EARLYBIRD: https://cnb.cx/3TSmIfX Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #cnbc Are Landlords Colluding On Rent?