“In a housing market that’s bouncing along the bottom, Zillow continues to outperform both our outlook and the broader industry,” claimed CEO Jeremy Wacksman during the company’s Q3 2025 earnings call on Thursday, October 30. The call took on a congratulatory tone as Zillow leadership spotlighted strong financial performance and Zillow’s consumer and agent-facing initiatives,…
In a discovery dispute, Compass seeks to compel Redfin, a nonparty in its lawsuit against Zillow, to produce internal communications and documents allegedly showing coordination between Redfin and Zillow. At the same time, a Redfin spokesperson confirmed that the company’s rules restricting private listings had not gone into effect, after being announced almost simultaneously to…
CoStar Group CEO Andy Florance dove again into the controversies surrounding rival portal Zillow in the company’s recent Q3 2025 earnings call. While discussing financials for the company and its subsidiaries—Homes.com, Apartments.com, Matterport, LoopNet, Domain and more—and the increasing traffic and success seen in the portal space, Florance pivoted to discuss an “uncomfortable but important…
Above, Art Carter The following is an open letter from Art Carter, CEO of California Regional MLS (CRMLS) to Compass CEO Robert Reffkin regarding Reffkin’s recent statement on social media claiming CRMLS’s end user license agreement forces agents to surrender ownership of content, which RISMedia covered Oct. 14. Okay, Mr. Reffkin, you got some people’s…
Compass CEO Robert Reffkin has been unafraid to challenge other industry figures. Reffkin has been an outspoken critic of the National Association of Realtors®’ (NAR) Clear Cooperation Policy, and Compass is currently engaged in litigation with Zillow over the latter’s new listing rules. Reffkin has previously claimed that Zillow, NAR and MLSs “exploit” agents in…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies Zillow’s request in Compass lawsuit Judge Jeannette Vargas has denied Zillow’s request to rule on several initial disputes and issues over an injunction in the Compass vs. Zillow lawsuit. Zillow had…
Yesterday, federal Judge Jeannette Vargas of the Southern District of New York ruled on a petition by Zillow regarding the deal for Anywhere, allowing the portal giant to examine documents and communications in an attempt to determine if Compass misrepresented its reliance on private listings. Vargas denied a request by Zillow to question Compass CEO…
Compass’s acquisition of Anywhere could end up having a major impact on its lawsuit against Zillow, as the portal giant is seeking to determine if Compass contradicted its assertions about the value of private listings through the proposed mega-merger. A joint letter filed by the two companies to U.S. District Judge Jeannette A. Vargas in…
| Newer Posts |