Senators had questions for the maker of a rent-setting algorithm. The answers were “alarming” — After a ProPublica investigation, RealPage answered questions from lawmakers about its product. In response, the senators sent a letter to the Justice Department

TL;DR

our biggest stories as soon as they’re published. In its 14-page response to the senators, RealPage said recent news stories, including ProPublica’s, “do not accurately describe how these products work, in particular with regard to the role that data about other properties plays in generating rent price recommendations for RealPage’s customers and the effect that the use of these products has had on rents and apartment occupancy rates. The letter said revenue management software is not unique to RealPage, or even to the housing market

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