FTC, five state AGs reach antitrust settlement unwinding $100M Zillow-Redfin deal

Published Aug 26, 10:54 PM UTC

The Federal Trade Commission and five state attorneys general reached an antitrust settlement with Zillow Group and Redfin, unwinding a $100M deal that gave Zillow exclusive apartment listing rights on Redfin's website. The settlement, announced just before trial, forces Redfin to relaunch its apartment listings business as a competitor to Zillow, with the ability to hire Zillow employees. Regulators had sued in October 2025, arguing the original February 2025 deal was anticompetitive and would have raised costs for property managers and renters. Zillow's stock rose 3% on the announcement, while analysts called it an 'incremental positive' for Zillow by removing regulatory uncertainty. Redfin, owned by Rocket Cos., will face fines if it fails to become a full competitor. Connecticut Attorney General William Tong led the lawsuit alongside attorneys general from Arizona, New York, Washington, and Virginia.