Home brokerage in the US and Canada, a Rocket Companies subsidiary since 2004
A roundup of recent reports shows how debt, housing costs, and consumer spend patterns shape the US financial landscape. Redfin and Zillow data indicate ongoing affordability stress in housing, while consumer debt and money-management trends are highlighted by CNBC and independent outlets. The mix suggests a cautious, debt-aware economy.
The FTC and five states have reached a settlement with Zillow and Redfin over their rental-listing partnership. The deal allows Redfin to resume rental advertising and keeps Zillow-Redfin cooperation, while boosting competition and aiming to lower listing costs for landlords and renters. The settlement covers ads and a staged return to rentals through 2030.
The FTC has filed a proposed order requiring Redfin to restart its standalone rental listings and to resume competing for property-management customers, following a settlement with Zillow and state AGs. The agreement preserves a rental partnership but allows Redfin to pursue its own rental business and ad sales. The settlement resolves litigation in five states and follows an antitrust case that claimed higher rents and lower listing quality.
The Sun Belt housing market has cooled from its 2020-22 surge, with price declines slowing and inventory tightening in places like Austin, Houston, Dallas, Tampa and Jacksonville. Luxury markets show resilience but overall activity remains subdued as buyers respond to higher mortgage costs and builders clear existing stock.
New data from Redfin and Zillow show a split in the housing market. Long Island remains a strong seller’s market near Manhattan, while many other metros swing toward buyers. Renters are testing new cities, and out-of-town demand signals rising home-purchase activity in places like Buffalo, Chicago and Houston.
Mortgage rates have moved higher, suppressing loan demand and weighing on home sales and refinancing. The mortgage market remains pressured by inflation, oil price dynamics, and policy expectations, with several reports showing rates near or above 7% and inventories rising.