Five states take legal action against Zillow and Redfin for violating antitrust laws.
On Wednesday, five states filed a lawsuit against Zillow and Redfin, claiming that the two online real estate platforms breached federal antitrust laws, impacting competition in the market. Attorneys general from Virginia, Washington, Arizona, Connecticut, and New York initiated a joint lawsuit in the U.S. District Court for the Eastern District of Virginia. The suit […]
New York and four other states file a lawsuit against Zillow and Redfin concerning rental listings agreement
Zillow and Redfin Face Lawsuit Over Antitrust Allegations On Wednesday, five states filed a lawsuit against Zillow Group and Redfin, claiming the companies conspired to hinder competition on online rental listings. This stems from a reported agreement where Zillow paid Redfin $100 million to halt its Apartment Ads. Attorneys General from Virginia, Arizona, Connecticut, New […]
California is facing unprecedented ‘triple threat’ after LA fires, Redfin CEO Glenn Kelman warns
The top real estate executive warned that California is facing an unprecedented “triple threat” along with the rise in housing prices, interest rates, and insurance premiums, as California starts an important reconstruction stage after Los Angeles fires. Over the past few years, California has been hit by a growing crisis due to its major airlines […]
US housing supply reaches highest total since 2019: Redfin
More than half of the homes listed in November remained unsold, and housing supply increased by 12%, the highest since 2020, according to . red fin. This increase is partly the result of widespread unsold homes. According to Redfin: active list Seasonally adjusted, it increased by 0.5% from the previous month and by 12.1% from […]