"Originally filed as two separate lawsuits in late September 2025 before being consolidated in late November, the lawsuit claims that the multifamily rental syndication deal executed by Zillow and Redfin was tantamount to Zillow simply paying Redfin $100 million in exchange for it no longer competing in the multifamily rental listing space. The defendants filed a motion to dismiss the lawsuit in mid-January. A hearing on this motion is scheduled for Feb. 25."
"The defendants argue that the regulators' complaint only focuses on how the partnership could harm property managers and landlords and it ignores how it benefits renters. Additionally, Zillow and Redfin pushback against the regulators' claim that there is a nationwide market for paid internet listing service advertising, arguing instead that rental advertising is local and that property managers advertise in specific cities."
Two lawsuits consolidated in late November allege the Zillow-Redfin multifamily rental syndication amounted to Zillow paying Redfin $100 million to eliminate competition in multifamily rental listings. Defendants moved to dismiss in mid-January and a hearing on the motion is scheduled for Feb. 25. Zillow and Redfin contend regulators ignore that both platforms serve renters and property managers, and say the complaint focuses on harm to landlords while overlooking renter benefits. Defendants argue rental advertising is local, point to alternative advertising options and say plaintiffs did not allege market shares or power to raise prices, asserting only speculative future harm while discovery continues.
Read at www.housingwire.com
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