Real Estate Brokers Pocketing Up to 6% in Fees Draw Antitrust Scrutiny

I know that Zillow had some goals...

But from my perspective (possibly not informed enough) their main purpose was to collude to drive up prices.

In my city everyone started by saying "Lol...Zillow shows my house being way higher than it should be." and within a few years it became "Zillow says my house is worth this much...so I need to get at least that"

At the beginning of this year it was widely reported in my area that housing prices were dropping quickly on average...but for some reason Zillow was showing my family's houses as going up in price. Maybe they were outliers...maybe there was an error. But it seems to me that when the only place showing prices rising is Zillow...that is an issue.

Edit for clarity: Zillow seemed to me to be no different than MLS but with a speculative aspect.

Pretty sure most clients are the ones decided what to see. The days of going to an agent and saying “take me to see three house that fix my needs. My needs are X, Y & Z”. For the last decade it’s been “I found these houses on line, popped in the open houses on my own and I’m interested in this one. Write me an offer.”