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Zillow CFO Warns of ‘Downward Spiral’ as Hearing in Compass/MRED Lawsuit Heats Up

USA Real Estate News-RISMedia - Wed, 2026-07-01 20:36

Above, the Everett McKinley Dirksen United States Courthouse in Chicago. Photo by Clarissa Garza. CHICAGO—Zillow Chief Financial Officer Jeremy Hofmann testified Wednesday afternoon that a permanent loss of Midwest Real Estate Data (MRED)’s listing feed could trigger what he called a “downward spiral” for Zillow’s business, as testimony continued in the preliminary injunction hearing between…

The post Zillow CFO Warns of ‘Downward Spiral’ as Hearing in Compass/MRED Lawsuit Heats Up appeared first on RISMedia.

Watchdogs urge FTC, DOJ probe of Compass-MRED deal

USA Real Estate News-Inman - Wed, 2026-07-01 17:50
A letter from the CFA and other watchdogs landed as Zillow, Compass and MRED began a two-day preliminary injunction hearing in Illinois.
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