- The FTC, joined by five states, announced it will enter a stipulated order that resolves its litigation against Zillow and Redfin by removing a key term of Zillow and Redfin’s 2025 agreement, under which Zillow paid Redfin $100 million for Redfin to shut down its internet listing services (ILS) business, exclusively repost apartment listings provided by Zillow, transition its customers to Zillow, and remain out of the ILS market for up to nine years. ILS services are websites that allow consumers to search for rental housing.
- The order requires Redfin to reenter the ILS market with significantly more apartment listings and invest millions of dollars to strengthen its position in the market.
- The FTC had filed a complaint in September 2025 alleging that Zillow Group Inc., Zillow Inc., and Redfin Corporation entered into an illegal agreement in February 2025 that eliminated Redfin as a competitor in the ILS advertising market for multifamily rental properties. At the time, Zillow and Redfin operated two of the nation’s largest rental ILS networks, including sites such as Zillow Rentals, Trulia, HotPads, Rent.com, and ApartmentGuide.com. The AGs of Virginia, Arizona, Connecticut, New York, and Washington filed a similar complaint shortly after the FTC and the cases were consolidated in November 2025.