Zillow, Redfin must reshape $100M rentals deal in FTC settlement

CoStar completed an $800m acquisition of Zonda, expanding into residential construction data. Zillow's Zestimate has median error rates of 1.8% for listed homes and 7.2% for off-market homes. Zillow faced a $881m pre-tax loss in its Homes division and an FTC settlement over a deal with Redfin. NAR settled litigation and amended MLS rules, but data access remains contested. Tech giants plan significant data center investments, with location priorities shifting.

Zillow and Redfin settled FTC allegations over a $100M deal to halt rental listing competition. The FTC claimed the agreement raised costs for landlords and reduced listing quality. Redfin will resume rental ads within six months but can keep Zillow ads. Both companies and involved states called the settlement a victory.

The FTC settled an antitrust case with Zillow and Redfin, requiring them to unwind a 2025 agreement where Zillow paid Redfin $100M to exit the apartment listing market. Redfin must relaunch its rental advertising business within six months of the order's finalization, with Zillow providing support. Both companies must comply for 10 years, and they will pay $2M to reimburse state attorneys general.

The FTC and five states reached a settlement with Zillow and Redfin, requiring Redfin to reenter the rental listings market. Redfin must restart its rental advertising business within six months and invest tens of millions. Zillow must remove restrictions that limited Redfin's competition. The settlement resolves a lawsuit alleging Zillow paid Redfin $100 million to exit the market.

Zillow (Z) and Redfin (RDFN) settled lawsuits alleging their partnership reduced competition for online rental listings. The FTC and five states claimed the $100M deal violated antitrust laws. Under the settlement, both companies must create standalone rental advertising products by 2025 but can continue listing syndication. They will pay $2M in fees. Zillow and Redfin dispute the claims, arguing the partnership benefits renters and landlords.

Zillow (Z) and Redfin (RDFN) settled an FTC antitrust case, requiring Redfin to reenter rental advertising. The FTC cited concerns about competition in the $500B rental market. Zillow remains dominant in rentals, while Redfin faces investment challenges in reentering the market.