New York City agents who publicly market a for-sale listing will soon face a new clock: get it onto StreetEasy the same calendar day or risk having the listing excluded from the city’s dominant residential portal. The Zillow-owned platform has published a new Listings...
A Zillow shareholder has filed a new derivative lawsuit against CEO Jeremy Wacksman and other current and former company officers and directors, adding another legal challenge tied to the company’s $100 million rentals agreement with Redfin. The complaint, filed Sept....
Three different data sources are reporting an increase in mortgage rates, with two of the sources insisting the 30-year fixed-rate mortgage topped 7% for the first time in over a year. Freddie Mac (OTCQB: FMCC) reported the 30-year fixed-rate mortgage averaged 6.76%...
The Federal Trade Commission (FTC) has announced a settlement to resolve its antitrust litigation against Zillow Group (NASDAQ: Z, ZG) and Redfin, a division of Rocket Companies (NYSE: RKT), over their $100 million rental housing agreement. Last October, the FTC and...
Zillow Group (NASDAQ: Z, ZG) has announced plans to lay off more than 500 employees. In a corporate blog post, CEO Jeremy Wacksman claimed the company was “grateful to every person who is leaving and we’re supporting them through this transition.” However, Wacksman...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
