A new Redfin report showed that roughly 40,000 U.S. home-purchase agreements were canceled in December 2025, equal to 16.3% of homes that went under contract that month. That’s up from 14.9% a year earlier and marks the highest December rate in records dating back to 2017. Based on a Redfin analysis of seasonal MLS pending-sales…
In a memorandum filed Jan. 13, defendants Zillow and Redfin are asking a federal judge to throw out the Federal Trade Commission’s (FTC) antitrust case against their $100 million partnership—and their arguments reveal potential weaknesses in how the government defined the market it’s trying to regulate. First filed Sept. 30, 2025, the FTC alleged that…
In a long LinkedIn post Jan. 13, Glenn Kelman, the 20-year CEO of Redfin, announced he was stepping down. Titling the post ‘Unemployed, In Greenland,’ Kelman said Jan. 16 will be his last day in the office, following Rocket Companies officially acquiring the firm July 1, 2025. Rocket CEO Varun Krishna will fill in as…
Homeowners may be feeling the impact of climate disasters on their insurance premiums, but are buyers modifying their behavior and performing deep research into climate risks during their home searches? Not for very long, it appears, per data shared by Redfin. Redfin listings separate climate risks into five categories: floods, fire, wind, extreme heat and…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass and Zillow file final hearing documents, await judge’s ruling Compass and Zillow have both filed their final court documents related to the recent hearing in the two companies’ lawsuit over Zillow’s private…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass’s request for Zillow/Redfin documents currently denied This past week saw new developments in the ongoing litigation between Compass and Zillow, the crux of which is Compass’s objections to Zillow’s new rules that remove listings…
“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,…
Rocket Companies—which recently completed its acquisition of both Mr. Cooper and Redfin—exceeded its revenue guidance during the third quarter, as noted during a Halloween Eve earnings call. The company reported Q3 adjusted revenue of $1.78 billion—beating the high end of its guidance range—generated $36 billion in net rate lock volume, up 26% over the previous…
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…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC sues Zillow and Redfin, with states following the lawsuit lead On Sept. 30, the Federal Trade Commission (FTC) filed a lawsuit against listing portals Zillow and Redfin over an alleged anticompetitive agreement. The $100…
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