The Ten 2025

The Federal Reserve and Chair Jerome Powell were frequent targets of the Trump administration in 2026, raising concerns about the agency’s future independence.

Lawsuits, criticism and new potential rivals cast a shadow over Zillow’s successes this year — but the search giant has not yet buckled under the pressure.

Pushback against the association came from all sides in 2025 as members asserted their independence. In response, NAR sought feedback and promised reforms.

Artificial intelligence is getting smarter, more powerful and more accessible to agents and executives. It’s no longer optional — but not without risks.

Following the company’s acquisition of Redfin, CEO Varun Krishna believes Rocket will integrate the homebuying process “at a scale the industry has never seen.”

Divisions over private listings deepened in 2025, with major industry players going head-to-head and others warning of the risks to a fair and open market.

To understand the forces that shaped this year, we’re looking back at 2025’s massive M&As, private listings drama, and yes — seemingly unending lawsuits.