Welcome to our dedicated page for News news (Ticker: NWS), a resource for investors and traders seeking the latest updates and insights on News stock.
News Corporation (NWS) is a prominent American media and publishing conglomerate with an international footprint. The company operates across various segments, including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other segments. News Corporation owns influential publications such as The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph.
The company's Digital Real Estate Services segment includes dominant property listing platforms such as realtor.com®, operated by subsidiary Move, Inc. In the Subscription Video Services segment, News Corp holds a 65% stake in Foxtel, a key player in the Australian subscription video market, with streaming platforms like Kayo for sports and Binge for entertainment.
Through its 61% stake in the REA Group, News Corp also leads the property listings business in Australia. The Book Publishing segment features HarperCollins, one of the largest book publishers globally. The Dow Jones segment offers extensive news, business information, and compliance solutions via leading publications and products, including MarketWatch and Investor's Business Daily.
News Corp's innovative initiatives include the launch of the AI-powered Dow Jones Integrity Check, designed to enhance compliance workflows and investigative due diligence. This platform emphasizes AI's responsible use, aligning with regulatory standards and providing users with reliable, auditable insights.
In recent developments, News Corp through realtor.com® highlighted the best week for home sellers in 2024, while also unveiling the top housing markets for electric vehicle owners and the most affordable beach towns in America. These insights demonstrate the company's commitment to leveraging data analytics and market trends to provide valuable resources for consumers.
News Corp’s diverse portfolio and strategic focus on technology and market trends position it as a significant player in the global media and publishing industry, continuously innovating to meet consumer and business needs.
Realtor.com has integrated flood risk information for properties available for sale and off-market, utilizing data from the First Street Foundation. This innovative feature, which rates flood risk on a scale from 1 to 10 over a 30-year mortgage, aims to empower consumers by providing essential insights into flood zones. The model is based on extensive research and collaboration with over 80 experts. Homebuyers can now access this data to make informed decisions, potentially avoiding surprises during the closing process. The flood risk information is accessible on realtor.com across web and mobile platforms.
The New York Post has announced a new partnership with Jalen Rose, media personality and NBA icon, to launch a multi-platform content program called The Renaissance Man. This program will debut in fall 2020 and include a weekly column, video series, and podcast, covering topics such as sports, entertainment, and healthy living. The partnership aims to engage the Post's audience of over 100 million and deliver innovative content. CEO Sean Giancola emphasized Rose's influence and experience, while Rose expressed excitement about celebrating culture through this collaboration.
Realtor.com has released its 2020 Hottest ZIP Codes report, highlighting a shift in demand toward East Coast markets. The top 10 hottest ZIP codes, led by Colorado Springs, Colo., are favored by millennials seeking affordable housing and space due to rising urban costs. Homes in these areas sell 51 days faster than the national average, with millennials achieving a 53% homeownership rate. The report indicates that these markets are less dense and offer desirable amenities, reflecting a post-pandemic trend of migration from urban centers.
The realtor.com® Weekly Recovery Report, dated August 13, 2020, highlights a significant recovery in the U.S. housing market, with new listings growth surpassing pre-pandemic levels for the first time since January 2020. The Recovery Index increased to 105.6, indicating a 5.6-point rise above pre-COVID benchmarks. While new listings are down 6% year-over-year, the pace of sales is improving, with homes selling 4 days faster than last year. Median listing prices rose by 9.9%. However, total inventory decreased by 36%, keeping demand and price pressure high.
The COVID-19 pandemic has reshaped the U.S. housing market, increasing interest in suburban properties as home shoppers look beyond their current metro areas. According to realtor.com®'s Cross Market Demand Report, 51% of urban residents are now searching for suburban homes. The trend shows buyers seeking more space and affordability, particularly in the Northeast and parts of the West. However, interest in larger metros like Miami and Dallas declined in July amid rising COVID-19 cases. This suggests a shift in buyer behavior influenced by remote work policies and changing preferences.
The housing market in the U.S. is experiencing a rebound as the usual May peak shifts to August, according to realtor.com®'s Weekly Recovery Report. For the week ending Aug. 1, the Housing Market Recovery Index reached 103.8, up 0.1 points from the previous week, indicating growth despite lower inventory levels. Median listing prices rose 9.4% year-over-year, with homes selling 4 days faster than last year. However, new listings declined by 11%, and total inventory is down 35%, leading to concerns about sustainability as COVID-19 cases may resurge.
In July 2020, the national median home price surged nearly to $350,000, reflecting an 8.5% year-over-year increase, the largest since November 2018. Inventory levels dropped 33% from the previous year, while homes sold in an average of 60 days, consistent with last year's performance. The Northeast outperformed other regions, with 48 out of 50 major metros reporting price gains. However, Miami and Orlando faced declines of -1.5% and -0.9%, respectively, due to COVID-19 impacts. The report highlights a sharp contrast in the housing market's recovery across the U.S. amid the pandemic.
According to a realtor.com HarrisX survey conducted in June, 63% of 2,000 active home shoppers are influenced by their ability to work remotely, with many planning to purchase a home within the next six months. 40% of remote workers expect to buy within four to six months, while 13% cite COVID-19 as a motivating factor. Key desired home features include a home office, garage, quiet location, updated kitchen, large backyard, and open floor plan. Looking ahead, over half of respondents anticipate continuing some form of remote work post-COVID.
The U.S. Housing Market has rebounded from the COVID-related disruptions, reaching pre-pandemic growth levels for the first time. The realtor.com® Housing Recovery Index rose to 101.0 points, indicating a 2.5% gain over the previous week. Demand has surged since early May, with median listing prices growing 9.1% year-over-year. However, the market faces challenges with total inventory down 33% compared to last year, and new listings falling 15%. Regions like the Northeast and West show notable recovery, while the South and Midwest continue to struggle.