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Redfin and Zillow Face Antitrust Lawsuits From 5 States and FTC
PYMNTS.com· 2025-10-02 00:48
Core Viewpoint - Redfin and Zillow assert that their partnership does not violate antitrust laws despite facing legal challenges from multiple states and the FTC [1][2]. Group 1: Legal Allegations - Five states, including Arizona, Connecticut, New York, Virginia, and Washington, have filed an antitrust lawsuit against Redfin and Zillow [2]. - The lawsuit claims that the companies unlawfully eliminated competition by agreeing that Zillow would pay Redfin $100 million to cease competing for multifamily housing listings [3]. - Virginia Attorney General Jason Miyares stated that this arrangement harms renters and property owners by undermining market incentives for quality services [4]. Group 2: Company Responses - Redfin has publicly disagreed with the allegations and anticipates being vindicated in court [5]. - Redfin argues that its partnership with Zillow enhances the number of rental listings available to website visitors and provides advertisers with access to more potential renters [6]. - Zillow claims that the partnership is beneficial for both renters and property managers, increasing access to multifamily listings across platforms [7].
How Zillow Got On Track for First Profitable Year Since 2012
WSJ· 2025-09-26 10:00
Group 1 - The real-estate listings company is focusing on increasing revenue while managing head count growth to achieve profitability goals [1]