Zillow settles antitrust lawsuit with the FTC

Competitor Redfin will re-enter the real estate listing market. Zillow After accusations of Zillow buying off its rival Redfin for $100 million, the online real estate platform has settled an antitrust lawsuit brought on by the Federal Trade Commission. According to a press release from the FTC, the two sides resolved the lawsuit and reversed an agreement from Zillow that shut down Redfin's internet listing service (ILS) for apartment rentals. As part of the settlement, Redfin has to reenter the ILS market and make commitments that would ensure its competitiveness, including a relaunch with "significantly more listings," according to the FTC. The FTC said that "restoring competition in the ILS market is expected to drive down costs and spur innovation that benefits renters and property man