Hidden Zillow listings created fake supply shock, raising NYC rents, lawsuit says
Summary
Two New York City renters have filed a class action lawsuit against the real estate company Compass. They claim Compass removed many rental listings from free websites like Zillow to create a false shortage, which raised rent prices in Manhattan.Key Facts
- Compass controls over 80% of rental listings in Manhattan as of 2025 data.
- Renters say Compass hides thousands of rental listings from free online platforms.
- By hiding listings, Compass allegedly increases rent prices and broker fees.
- Zillow owns a popular free New York City rental platform called StreetEasy.
- Compass stopped listing many units on Zillow to push renters towards brokers.
- Zillow responded by blocking hidden listings from its sites to keep listings public.
- Compass filed an antitrust lawsuit against Zillow but dropped it after a judge’s decision.
- U.S. government and local authorities, including Senator Elizabeth Warren, are investigating Compass for possible unfair market control.
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