January 16, 2025 - 21:01
Maryland is suing a real estate technology company along with six of the largest landlords in the state, alleging that they have conspired to artificially inflate rents for approximately 100,000 apartments. The lawsuit claims that this collusion has led to significant financial strain on renters, making housing less affordable in an already challenging market.
The state’s attorney general argues that the actions of these companies violate both state and federal laws designed to protect consumers. By coordinating rent increases, the defendants are accused of undermining fair competition and exploiting vulnerable tenants.
In response to the lawsuit, the real estate technology company and the landlords have denied any wrongdoing, asserting that their pricing strategies reflect market conditions rather than any form of collusion. This legal battle highlights the growing concerns over housing affordability and the role of technology in real estate transactions. As the case unfolds, it may have significant implications for the rental market in Maryland and beyond.
