Zillow Group Inc. and Rocket Companies Inc.’s Redfin are headed to trial next month in the US Federal Trade Commission’s challenge to an apartment-listing partnership, after a judge in Virginia declined a government request to decide the case early.
Zillow Group Inc. shares dropped as much as 9% in post-market trading on Wednesday after the company forecast second-quarter profit that missed Wall Street expectations, citing legal and advertising expenses and a flat housing market.
The Zillow website on a laptop in Germantown, New York. Photographer: Gabby Jones/Bloomberg
Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin.
The Zillow app on a smartphone arranged in Germantown, New York, US, on Tuesday, July 25, 2023. Zillow Group Inc. is scheduled to release earnings figures on August 2. Photographer: Gabby Jones/Bloomberg
Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage.
A Compass office in San Francisco, California, US, on Monday, April 29, 2024. Compass Inc. is scheduled to release earnings figures on May 8.
Zillow’s climate risk scores have disappeared from home listings, but the risks themselves are very real. Modeling those threats down to the home level, though, is challenging.
Homes surrounded by flood water after Hurricane Debby made landfall in Steinhatchee, Florida, US, on Monday, Aug. 5, 2024. Tropical Storm Debby threatens to unleash days of heavy rain and flooding on the US East Coast after slamming into Florida as a hurricane, knocking out power to thousands. Photographer: Christian Monterrosa/Bloomberg
Property owners and buyers need more information on climate dangers. But pinpointing them is hard, even for experts.
Houses in the Cavanaugh subdivision of Meridian, Idaho, US, on Thursday, June 30, 2022. The housing market slowdown is having ripple effects across the industry and mortgage lenders are forecasting a slump in business.
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