It has been a messy few months for Zillow Group, including a copyright lawsuit from CoStar, a class action consumer RESPA suit, and antitrust suits from both Compass and the Federal Trade Commission (FTC). While some of the listing portal giant’s competitors have said that it is a company of the past, Zillow executives are […]
Zillow focuses on consumers, agents to fuel future growth Read More »
Rocket Companies reported a third-quarter 2025 adjusted net income of $158 million on adjusted revenue of $1.78 billion, exceeding the high end of its guidance range, the Detroit-based mortgage lender said Thursday. On a GAAP basis, the company posted a net loss of $124 million on total revenue of $1.61 billion, up from Q2 2025’s
Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts Read More »
Compass may want to drag Redfin into its legal battle involving Zillow’s listing access standards, but the Rocket Companies-owned firm is not having it. On Tuesday, Redfin filed its own letter addressed to Judge Jeannette Vargas of the U.S. District Court in New York City calling Compass’s motion to compel Redfin to produce documents “untimely
Redfin says Compass wants to see ‘privileged and irrelevant documents’ Read More »
With the market favoring buyers, more home sales are falling through as minor disagreements can lead to deals being called off. Nearly 60,000 home-purchase agreements were canceled in August, according to a new report from Redfin, a subsidiary of Rocket Cos. That’s 15.1% of homes that went under contract, up from 14.3% a year earlier
More home sales fall through as buyers gain leverage Read More »
Despite rumors earlier this year that the Federal Trade Commission (FTC) was investigating Zillow and Redfin over their $100 million rental syndication deal, the announcement that the FTC was suing the two companies still carried an element of surprise. “This shows that the Federal government is still looking hard at the realty space,” Chuck Cain,
Why the FTC is targeting Zillow and Redfin’s rental deal Read More »
The Federal Trade Commission (FTC) is suing Zillow and Redfin over their rental syndication agreement. In a complaint filed on Tuesday in U.S. District Court in Alexandria, Virginia, the FTC claims that the two firms conspired to eliminate competition in the rental listing space and that their syndication agreement violates antitrust laws. “The practical outcome
FTC lawsuit claims Zillow–Redfin rental tie-up crushes competition Read More »
Adobe Stock This summer marked the strongest buyer’s market for housing in over a decade, according to new industry data. There were 35.2%, or about 506,000, more sellers than buyers in the housing market last month, a new report from Redfin shows. June and July were the only months in records dating back to 2013
Summer clocks in strongest buyer’s market in years Read More »
Homeowners in New York and Washington, D.C., stand to gain the most from the recently expanded federal cap on state and local tax (SALT) deductions — with typical households in these locations saving more than $7,000 a year, according to a Redfin report released Thursday. The change — part of President Donald Trump’s One Big
New York and DC homeowners set for biggest savings from SALT cap hike Read More »
Between April 2024 and March 2025, Canadian homebuyers spent $6.2 billion on U.S. real estate purchases, making up 14% of all foreign homebuyers, according to data from the National Association of Realtors (NAR). While the total spend of Canadian buyers is up from $4.4 billion in the prior 12-month period, data from Redfin, which was
Canadians are cooling on the U.S. housing market Read More »
The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate rose slightly to 48.8% from
Homeownership among Black Americans drops to 4-year low Read More »