Zillow Loses Access to 30,000+ Property Listings in Chicago
What happened
Zillow recently lost access to more than 30,000 property listings in Chicago. The company's operations are dependent on accessing real estate listing feeds and data from the Chicago market. This loss occurs amid broader challenges for Zillow, including a slowing housing market and rising mortgage rates.
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Why it matters
The loss of listings affects Zillow's competitive edge, which is already under scrutiny due to antitrust lawsuits and competition with firms like Compass. The company has seen its share price collapse by over 60% in the past 12 months, despite reporting revenue growth of 18% in the second quarter.
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Who's involved
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Chicago
city and county seat of Cook County, and largest city in State of Illinois, United States of America
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Zillow
online real estate database