RDFN News & Events

Attorneys general from New York, Arizona, Connecticut, Washington and Virginia filed a lawsuit against Zillow (Z) and Redfin (RDFN) on Wednesday, claiming the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the FTC. The AGs are seeking an injunction to ban the two companies from allegedly scheming and proposes a possible restructuring of the businesses to maintain competition. "Redfin strongly disagrees with the allegations and is confident we will be vindicated by a court of law," a spokesperson for the company said in a statement provided to CNBC, while a Zillow spokesperson said the company maintains that its partnership with Redfin is "pro-competitive and pro-consumer."

Attorneys general from New York, Arizona, Connecticut, Washington and Virginia filed a lawsuit against Zillow (Z) and Redfin (RDFN) on Wednesday, claiming the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the FTC this week. The AGs are seeking an injunction to ban the two companies from allegedly scheming and proposes a possible restructuring of the businesses to maintain competition. "This agreement between Zillow and Redfin not to compete is illegal," said Virginia Attorney General Jason Miyares. "Zillow paying Redfin to exit the market harms renters and property owners by taking away free market incentives to provide high-quality services that businesses and consumers rely on. My Office is suing to protect Virginians from this anticompetitive conduct."

The Federal Trade Commission sued Zillow (ZG) and Redfin (RDFN) over what it says was "an unlawful agreement" that eliminates Redfin as a competitor in the market for placing advertising of rental housing on internet listing services - the websites that millions of Americans use to find their next rental home. Zillow Group, Inc., and Zillow, Inc., and Redfin Corporation operate two of the nation's largest rental ILS networks by traffic and revenue, including sites such as Zillow Rentals, Rent.com, and ApartmentGuide.com. The complaint alleges that in February 2025, Zillow and Redfin entered into an illegal agreement to dismantle Redfin as a competitor in the ILS advertising market for multifamily rental properties.