Reported 1 day ago
The Justice Department has expanded its lawsuit alleging price-fixing in the rental market to include significant property managers Cushman & Wakefield and Greystar. The case centers around claims that these companies colluded, alongside RealPage Inc., to inflate rent prices unlawfully. The DOJ's action is part of a broader agenda to tackle antitrust violations, particularly in the housing sector, where rental prices have surged by 33% since the pandemic began.
Source: YAHOO