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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

By outsourcing the management of rental pricing to RENTmaximiser, Yardi’s rent-setting tool, property management companies failed in complying with the antitrust laws, according to the lawsuit. Additionally, the use of this software prevented landlords from courting would-be renters through the use of different discounts, said the lawsuit.

Landlords 388
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Apartment List rolls out Lea Pro, a bot for lead conversions and tours

Inman

The artificial intelligence-fueled tool allows leasing agents and landlords to generate new leads more efficiently, providing speed without the need for additional personnel, among other benefits.

Landlords 141
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Figure and Apollo complete ownership transfer via blockchain

Housing Wire

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

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5 trends that will reshape the real estate market in 2024

Housing Wire

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. Remote work: Technology enablement creates more flexibility and freedom.

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The role of consumer transaction data in increasing homeownership access

Housing Wire

In addition to providing lenders with a powerful tool for responsibly expanding housing finance opportunities to underserved communities, ATP enables lenders to increase volume by capturing the business of creditworthy loan applicants that would have been declined under less sophisticated underwriting models.

Landlords 410
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D.C. real estate firms fined $10M for discrimination

Housing Wire

When landlords break the law and refuse to accept vouchers, it’s reminiscent of Jim Crow-era housing discrimination policies intended to restrain opportunities for Black residents,” Racine said in a statement. We’re sending a message to all landlords: If you follow this playbook, you will face consequences.”.

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How lenders can accelerate access to credit for marginalized communities

Housing Wire

By using lending technologies like The Work Number from Equifax, the industry can help forge a pathway for greater populations to build generational wealth through homeownership. The Work Number can also be a valuable tool within the rental industry. But for those with little or no credit, this can create a tremendous obstacle.

Tools 393