Zillow Accused of Squashing Competition in Home Listings
- Startup Rex says in suit Zillow reduces choice, raises costs
- Zillow search changes violate antitrust law, Rex says
Photographer: Chris Goodney/Bloomberg
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Zillow Group Inc. stifles competition in home listings online, leading to less choice and higher prices for consumers, a real estate brokerage startup claimed in an antitrust lawsuit.
The startup, Rex - Real Estate Exchange Inc., said in a complaint filed Tuesday that Zillow recently adopted changes to its website that amount to a boycott of independent brokers and prevents home buyers from seeing a full picture of homes available for sale.