Redfin

RDFN

Market cap $1.43B

Real estate listings platforms Redfin and Zillow said Wednesday (Oct. 1) that they disagree with allegations that their partnership violated antitrust laws. The companies' separate statements came after five states filed an antitrust lawsuit against them Wednesday, a day after the U.S. Federal Trade Commission filed a similar complaint.

In exchange for the $100 million, Redfin allegedly agreed to end advertising contracts with managers of larger apartment buildings, stay out of that market for nine years, and display on its platform only rentals that Zillow also displays.

Attorneys general from New York, Virginia, Arizona, Connecticut and Washington filed a lawsuit against Redfin and Zillow on Wednesday. The suit alleges that the two companies schemed together to reduce competition in the online housing rental market.

Five U.S. states have filed an antitrust lawsuit accusing Zillow Group and Redfin Corp of running an illegal scheme to stop competing for apartment advertisements.

This story originally appeared on Real Estate News.

CNBC's Diana Olick reports on news regarding the real estate market.

The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to reduce competition in the online multifamily rental listing market. Zillow- and Redfin-owned platforms like Zillow Rentals, Rent.com and ApartmentGuide.com are used by millions of Americans searching for their next home, the FTC said.

Zillow allegedly paid Redfin $100 million to stop competing against it in online apartment rental listings, the U.S. Federal Trade Commission said in a lawsuit on Tuesday against the online real estate platforms.

This story originally appeared on Real Estate News.

SEATTLE--(BUSINESS WIRE)--There were an estimated 35.2% more home sellers than buyers in the U.S. housing market in August (or 505,915 more, in numerical terms). This is according to a new report from Redfin, the real estate brokerage powered by Rocket. June 2025 is the only month in records dating back 2013 when sellers outnumbered buyers by a greater percentage—36.3%. In other words, this summer was the strongest buyer's market on record. Many Americans have been priced out of the housing mar.