Zillow CFO Warns of ‘Downward Spiral’ as Hearing in Compass/MRED Lawsuit Heats Up

Wednesday, July 1st, 2026

Above: the Everett McKinley Dirksen United States Courthouse in Chicago. CHICAGO—Zillow Chief Financial Officer Jeremy Hofmann testified Wednesday afternoon that a permanent loss of Midwest Real Estate Data (MRED)’s listing feed could trigger what he called a “downward spiral” for Zillow’s business, as testimony continued in the preliminary injunction hearing between Zillow, MRED and Compass.…

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Zillow Is ‘Not Planning’ for Housing Market to Improve by End of 2026

Thursday, May 7th, 2026

Zillow posted a strong earnings report for Q1 2026, with revenue up year-over-year as the company launches new consumer-facing initiatives.  But in CEO Jeremy Wacksman’s opening remarks to investors yesterday after the report, he specifically framed Zillow’s success as overcoming a housing market in a rut.  “We once again outperformed the broader housing market, which…

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