Zillow

Money Moves

Defendant in settled securities class action

Zillow will pay $212.5 million in cash to settle a shareholder class action over its failed Zillow Offers home-flipping business. The company announced the deal Wednesday, three weeks after the U.S. Supreme Court refused to hear its appeal of a ruling that let the case proceed.

Updated 44 minutes ago

Rule Changes

Data source for rent and home value figures

Mayor Daniel Lurie declared a rent emergency Sept. 10 as one-bedroom rents hit $4,300 a month, up $1,000 in a year. His $30 million package caps banked rent increases and capital improvement charges at 10% a year, blocks evictions for tenants owing under one month's fair market rent, and raises Ellis Act relocation payments by 25%.

Updated Sep 15