New Jersey is targeting algorithmic pricing by landlords as rents remain among nation’s highest

New Jersey Governor Mikie Sherrill signed the FAIR Act to regulate landlords' use of algorithmic pricing software, which critics say artificially inflates rents. A report by the National Low Income Housing Coalition and the Housing and Community Development Network of New Jersey ranks the state as the fifth-most expensive for renters in the U.S., with housing costs 20% above the national average.