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Glenn Kelman, the longtime CEO of Redfin, is stepping down after 20 years. The move comes six months after the real estate brokerage was acquired by Rocket Companies.
Online real estate platform Redfin has resolved a website security flaw that exposed the names, email addresses, and phone numbers of some users for less than a week.
A record 15.1% of U.S. home purchase agreements were canceled in August, the highest rate in eight years, as buyers gain leverage in a cooling market.
Real estate technology stocks show mixed investment prospects for 2025, with leaders like Opendoor facing high risk despite momentum, while Compass and Zillow navigate growth and legal challenges.
The Federal Trade Commission and five states have filed antitrust lawsuits against Zillow and Redfin, challenging a $100 million partnership for rental listings.
Real estate technology leaders Zillow and Redfin are facing a wave of legal actions, including an FTC antitrust suit, a major copyright case, and a multi-billion dollar class-action lawsuit.
The Federal Trade Commission is suing real estate firms Zillow and Redfin, alleging an illegal $100 million deal was made to reduce competition in the rental market.
