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Market
Will San Francisco see a decrease in average rental prices by June 30, 2025, following the ban?
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Reports from real estate market analysts or official housing reports from the city of San Francisco
Story
San Francisco Moves to Ban RealPage Rent-Setting Software, First City to Combat Rising Rents
Jul 16, 2024, 10:43 PM
San Francisco is considering a groundbreaking policy to ban the use of rent-setting software by landlords. The initiative, spearheaded by San Francisco Board of Supervisors President Aaron Peskin, aims to address the city's escalating rental prices, which housing advocates claim have been exacerbated by automated pricing algorithms like those developed by RealPage. If passed, San Francisco would become the first city in the United States to implement such a ban. Proponents argue that this measure will help stabilize the rental market, lower rents, and make more housing units available. The proposal has garnered significant support from housing advocates who believe it will counteract the negative impact of corporate landlords using these algorithms to keep units vacant and drive up prices.
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