Recent quotes:

RealPage Accused of Colluding With Landlords to Increase Rents — ProPublica

One suit filed Friday on behalf of two Seattle renters alleges a broad pattern of collusive behavior by RealPage and a group of 10 large property managers. It says that in addition to using RealPage software to inflate rents in downtown Seattle, property managers had employees call competitors regularly seeking detailed nonpublic information on what they were charging — which the employees would change their prices to match. The lawsuit quoted what it said was a former employee of Greystar, the country’s largest property management firm. “You’d call up the competition in the area,” the former employee said, according to the lawsuit. “Sometimes there’d be a list of 10 people to call. Sometimes just one. You’d ask what they are charging for their apartments. Then you’d literally change the prices right there on RealPage. Manually bump it up.

New Fed Paper Finds Surging Home Prices Driven by Demand — Not Supply - Bloomberg

“We estimate that a one percentage point increase in the mortgage rate lowers housing demand by 10.4 percent,” the authors write. “This is a larger demand sensitivity to rates than evidence using purely observable housing market variables suggests.”

New Fed Paper Finds Surging Home Prices Driven by Demand — Not Supply - Bloomberg

“Fluctuations in housing demand explain much more of the variation in home sales and price growth than do fluctuations in housing supply,” Elliot Anenberg  and Daniel Ringo, both Fed board economists, write. “Fluctuations in demand explain essentially all of the variation in home sales, and 80% of the variation in prices, between 2002-2021.”