Redfin News & Analysis
2 articles
Market Mood
Zillow Settles FTC Claims Over $100M Payment to Redfin
Zillow has settled with the U.S. Federal Trade Commission (FTC) and five states regarding claims it illegally paid Redfin $100 million to inhibit competition in apartment listings. The FTC and states argued that this partnership resulted in higher costs for landlords and reduced listing quality for renters. Redfin's rental advertising business will resume in six months under the settlement, but it will maintain its partnership with Zillow through at least 2030. This settlement highlights the significance of competition in online listings for renters, impacting a substantial portion of the U.S. population, as over 30% of Americans rent their homes.
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U.S. Housing Market: 47% More Sellers than Buyers in April 2026
In April 2026, the U.S. housing market saw 47% more sellers than buyers, based on data from Redfin. To attract buyers, sellers have begun offering concessions like the 2-1 buydown, temporarily reducing mortgage payments for the first two years of a loan. The example cited shows that a 2-1 buydown can lower interest rates significantly, with the first year at two percentage points below the note rate and one percentage point below in the second year. This strategy is employed as seller concessions, particularly in a highly competitive environment, with expectations of falling interest rates soon, indicating potential shifts in market dynamics.
Read More: U.S. Housing Market: 47% More Sellers than Buyers in April 2026