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Washington State Settles With Zillow and Redfin Over Apartment Ad Competition

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Sig4.15Sen-2.20Env0.00Soc-1.60Gov-4.30

Washington State reached a $2M settlement with Zillow and Redfin and five state attorneys general, following a lawsuit led by the Washington attorney general and the FTC. The deal sought to restore competition in apartment advertising by allowing Redfin back into the market, while Redfin agreed to restrict multifamily rental ads for up to nine years. Eight months later, the states sued for alleged antitrust violations that they said led to higher prices and lower quality services; Zillow said the partnership has benefited renters and listings.

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