Rental market reports from sources such as Zillow, RentCafe, and local government data

San Francisco to Ban RealPage Rent-Setting Software, Led by Aaron Peskin

Jul 16, 2024, 10:49 PM

San Francisco is poised to become the first city in the United States to ban the use of rent-setting software, which housing advocates argue has contributed to skyrocketing rental prices. The San Francisco Board of Supervisors, led by President Aaron Peskin, is considering an ordinance to prohibit the use of RealPage’s rent-fixing algorithms. Peskin and other advocates believe that banning this software will help bring down rents, increase the availability of rental units, and make housing more affordable for seniors, low-income families, and the disabled. The move is part of a broader effort to address the city's housing crisis, which includes state intervention through SB 423 to expedite housing permits. The ordinance has garnered support from various housing rights organizations and union groups, including Operating Engineers Local 3 and their 40k members, emphasizing the need for affordable housing solutions in San Francisco. Peskin also highlighted that the software enables price collusion among corporate landlords, exacerbating the rent crisis.