Realtors Will Soon Be Free of 10-Year-Old Justice Department Decree — So What Happens to Housing Now?
A 10-year settlement made back in 2008 is nearing its expiration this coming November. The creation of new technology over the past 10 years has enabled entrepreneurs to set up new types of online marketplaces. This makes the access to real estate listings much more complex than before.
One of the Justice Department lawyers deeply involved in the mid-2000s real estate antitrust enforcements, David Kully, thinks it’s only natural for companies like Zillow and Redfin to be concerned about what comes next for the real estate industry.
“Given what happened in the past, I’m sure that those who have built businesses around the internet display of listings might have some concern about what might be around the next corner,” said Partner David Kully.