FTC Reaches Settlement With Zillow, Redfin Over Antitrust Concerns
The Federal Trade Commission reached a settlement with Zillow and Redfin, resolving a claim that the companies worked together to reduce competition.
The FTC said Monday that the settlement unwinds a 2025 agreement in which Zillow paid Redfin $100 million to shut down its internet-listing services business and stay out of the market for up to nine years. Redfin also agreed to exclusively repost apartment listings provided by Zillow.
Under the settlement, Redfin will reenter the internet-listing services market and invest millions of dollars in the business, moves the FTC said will restore competition, lower costs and spur innovation benefiting renters and property-management companies.
The order contains no admission of liability or wrongdoing by Zillow. It follows an FTC complaint filed in September alleging the agreement violated antitrust laws. Arizona, Connecticut, New York, Virginia and Washington filed similar complaints, and the cases were consolidated late last year.
“Today’s settlement unwinds an agreement under which Zillow paid Redfin $100 million to stop competing and hand off all its customers to Zillow,” said Daniel Guarnera, who heads the FTC’s Bureau of Competition.
Zillow, an online home-buying and rental platform, said it has consistently maintained that its partnership with Redfin is pro-consumer and pro-competitive. “We’re pleased to have found a resolution that enables its continuation,” the company said.
Zillow shares rose 1.8% to $36.52 in midday trading but remain down roughly 45% year to date.
Redfin, a subsidiary of Rocket Cos., called the resolution a significant win for the company and consumers nationwide. “This agreement allows us to maintain our rental partnership with Zillow through at least 2030 while building and investing in a stand-alone rentals business of our own,” the company said.
