The FTC has initiated an investigation into Zillow's recent acquisition of Redfin's multifamily rental listing network, suspecting it may have anticompetitive consequences for apartment property managers. Property management professionals have reported increased pressure from Zillow, including a reduction in contracted services and threats to remove listings if terms are not accepted. This investigation parallels the FTC's previous attempts to block significant mergers in the residential rental market, indicating ongoing scrutiny of the consolidation in property listing platforms amidst concerns for fair competition.
The Zillow-Redfin multifamily rentals syndication deal has forced property managers to adapt their advertising budgets, creating concerns over competitive practices in the apartment listing market.
Zillow's pressure on property management companies to accept less favorable contract terms raises significant questions about its market power and the implications for competition.
Collection
[
|
...
]