NWS News: How a Home Listings Shakeup Could Hit Zillow and Redfin - 26th Jan 2023, 9:32am

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Shares of real estate companies Redfin and Zillow Group fell on Wednesday after news of a potential shakeup in the home listings landscape. Redfin (Ticker: RDFN) shares lost 8.5% to $5.66 at Wednesday’s close, while Zillow (Z) declined 5.3% to $42.25. The drops were greater than the broader market: The S&P 500 index lost 0.02%, and the Nasdaq Composite fell 0.2%.

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