Housing and Rentals

The Justice Department announced a proposed settlement with Texas-based RealPage Inc. that would bar the company’s rent-pricing software from using real-time nonpublic data, allowing only nonpublic data at least a year old to train its algorithm. RealPage will not pay damages or admit wrongdoing; the deal, stemming from a federal antitrust suit launched under the Biden administration, requires a judge’s approval and follows parallel state actions and recent settlements by major property managers.