Zillow Group Inc. and Rocket Companies Inc. will face a trial in August concerning their apartment-listing partnership, following a judge's decision to reject the Federal Trade Commission's bid for an early ruling. The FTC had sought to block the deal, raising antitrust concerns.

The trial will now proceed, potentially impacting how online real estate platforms collaborate and share data in the rental market. The outcome could set precedents for future partnerships and regulatory scrutiny of the sector.

Investors and industry participants will be watching closely as the case unfolds. A favorable ruling for the companies could affirm their ability to form such alliances, while an FTC victory might lead to stricter enforcement and potentially alter market dynamics for rental listings.