By Kylie Werner | KTAR
Arizona Attorney General Kris Mayes joined five other states in suing Zillow and Redfin over a $100 million anticompetitive agreement they believe gives Zillow an unfair dominance over the housing marketing and could push prices even higher for renters.
Mayes told KTAR News 92.3 FM on Wednesday the agreement would make Zillow “the absolute powerhouse entity” in the rental space and would be bad for consumers at a time where they’re already struggling to afford housing.
“Arizonans are already facing an astronomical cost of living — and now these massive companies want to create an unfair advantage in the market which will allow them to skyrocket costs for landlords, who will use it as an excuse to charge even more money for rent,” Mayes said in a Wednesday announcement. “We can’t just sit by and allow costs to go up and up and up.”
