STOCK TITAN

Realtor.com® Makes Austin, Texas Its New Headquarters

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Realtor.com®, a News Corp subsidiary, announced the relocation of its corporate headquarters from Santa Clara, California to Austin, Texas. The company has designated Austin as its primary hiring location, committing to long-term growth in Texas through talent development and office expansion.

The decision aligns with Texas's robust real estate market growth. According to a new Realtor.com® report, Texas is the fastest-growing state, projected to surpass California as the most populous state by 2045. The report highlights Texas's leadership in housing development, accounting for 15% of U.S. permitted housing units in 2024, exceeding its 9% population share.

The move is attributed to Texas's strong talent pool, growing economy, housing affordability, tech community, and business-friendly environment, including no corporate or personal income taxes. The company has already established a presence in Austin through hiring initiatives, community engagement, and an internship program.

Realtor.com®, una sussidiaria di News Corp, ha annunciato il trasferimento della sua sede centrale da Santa Clara, California, ad Austin, Texas. L'azienda ha designato Austin come il suo principale luogo di assunzione, impegnandosi a una crescita a lungo termine in Texas attraverso lo sviluppo del talento e l'espansione degli uffici.

La decisione si allinea con la forte crescita del mercato immobiliare del Texas. Secondo un nuovo report di Realtor.com®, il Texas è lo stato in più rapida crescita, previsto per superare la California come stato più popoloso entro il 2045. Il report evidenzia la leadership del Texas nello sviluppo residenziale, rappresentando il 15% delle unità abitative autorizzate negli Stati Uniti nel 2024, superando la sua quota di popolazione del 9%.

Il trasferimento è attribuito alla forte disponibilità di talenti in Texas, all'economia in crescita, all'accessibilità abitativa, alla comunità tecnologica e a un ambiente favorevole agli affari, compresi l'assenza di tasse sulle società e sul reddito personale. L'azienda ha già stabilito una presenza ad Austin attraverso iniziative di assunzione, coinvolgimento comunitario e un programma di stage.

Realtor.com®, una subsidiaria de News Corp, anunció la reubicación de su sede corporativa de Santa Clara, California, a Austin, Texas. La compañía ha designado a Austin como su principal lugar de contratación, comprometiéndose a un crecimiento a largo plazo en Texas a través del desarrollo de talento y la expansión de oficinas.

La decisión se alinea con el fuerte crecimiento del mercado inmobiliario de Texas. Según un nuevo informe de Realtor.com®, Texas es el estado de más rápido crecimiento, con la proyección de superar a California como el estado más poblado para 2045. El informe resalta el liderazgo de Texas en el desarrollo de viviendas, representando el 15% de las unidades habitacionales permitidas en EE. UU. en 2024, superando su participación poblacional del 9%.

La mudanza se atribuye al sólido grupo de talentos de Texas, su economía en crecimiento, la asequibilidad de la vivienda, la comunidad tecnológica y un ambiente favorable para los negocios, que incluye la ausencia de impuestos corporativos o sobre la renta personal. La empresa ya ha establecido una presencia en Austin a través de iniciativas de contratación, compromiso comunitario y un programa de prácticas.

Realtor.com®는 News Corp의 자회사로서 본사를 캘리포니아주 산타클라라에서 텍사스주 오스틴으로 이전한다고 발표했습니다. 이 회사는 오스틴을 주요 채용 위치로 지정하고, 인재 개발 및 사무실 확장을 통해 텍사스에서의 장기 성장을 약속하고 있습니다.

이 결정은 텍사스 부동산 시장의 강력한 성장과 일치합니다. Realtor.com®의 새로운 보고서에 따르면, 텍사스는 가장 빠르게 성장하는 주로, 2045년까지 캘리포니아를 초과하여 가장 인구가 많은 주가 될 것으로 예상됩니다. 이 보고서는 텍사스가 2024년 미국의 허가된 주택 유닛의 15%를 차지하여 인구 비율인 9%를 초과하는 주택 개발의 리더십을 강조합니다.

이번 이전은 텍사스의 강력한 인재 풀, 성장하는 경제, 주택의 저렴함, 기술 커뮤니티 및 기업 친화적인 환경, 즉 기업세나 개인소득세가 없다는 점에 기인합니다. 회사는 이미 채용 이니셔티브, 지역 사회 참여 및 인턴십 프로그램을 통해 오스틴 내에 존재감을 확립했습니다.

Realtor.com®, une filiale de News Corp, a annoncé le transfert de son siège social de Santa Clara, Californie, à Austin, Texas. L'entreprise a désigné Austin comme son principal lieu de recrutement, s'engageant à une croissance à long terme au Texas grâce à la développement des talents et à l'expansion des bureaux.

Cette décision s'aligne avec la forte croissance du marché immobilier du Texas. Selon un nouveau rapport de Realtor.com®, le Texas est l'État à la croissance la plus rapide, prévu pour surpasser la Californie en tant qu'État le plus peuplé d'ici 2045. Le rapport met en lumière le leadership du Texas dans le développement de logements, représentant 15% des unités résidentielles autorisées aux États-Unis en 2024, dépassant sa part de population de 9%.

Le déménagement est attribué à la forte réserve de talents du Texas, à l'économie en pleine croissance, à l'accessibilité des logements, à la communauté technologique et à un environnement favorable aux affaires, y compris l'absence d'impôts sur les sociétés et les revenus personnels. L'entreprise a déjà établi une présence à Austin grâce à des initiatives de recrutement, un engagement communautaire et un programme de stages.

Realtor.com®, eine Tochtergesellschaft von News Corp, gab die Verlagerung ihres Hauptsitzes von Santa Clara, Kalifornien, nach Austin, Texas bekannt. Das Unternehmen hat Austin als seinen primären Einstellungsort bestimmt und sich zur langfristigen Wachstumsstrategie in Texas durch Talententwicklung und Bürosanierung verpflichtet.

Die Entscheidung steht im Einklang mit dem robusten Wachstum des Immobilienmarktes in Texas. Laut einem neuen Bericht von Realtor.com® ist Texas der am schnellsten wachsende Bundesstaat und wird voraussichtlich bis 2045 Kalifornien als den bevölkerungsreichsten Staat überholen. Der Bericht hebt die Führungsrolle von Texas im Wohnungsbau hervor und macht 15% der in den USA genehmigten Wohneinheiten im Jahr 2024 aus, was über dem Bevölkerungsanteil von 9% liegt.

Die Verlagerung wird auf die starke Talentbasis, die wachsende Wirtschaft, die Erschwinglichkeit von Wohnraum, die Technologie-Community und das geschäftsfreundliche Umfeld, einschließlich der Abwesenheit von Körperschafts- und Einkommensteuern, zurückgeführt. Das Unternehmen hat bereits eine Präsenz in Austin durch Einstellungsinitiativen, gesellschaftliches Engagement und ein Praktikumsprogramm etabliert.

Positive
  • Strategic relocation to a high-growth market with lower operational costs
  • Moving to a state with no corporate or personal income taxes
  • Positioning in the fastest-growing state market with strong housing development
  • Access to expanding talent pool and tech community
Negative
  • Potential relocation costs and temporary operational disruption
  • Risk of losing California-based talent

Insights

The strategic relocation of Realtor.com's headquarters to Austin marks a pivotal moment for News Corp's digital real estate services segment. This move transcends simple cost-cutting measures, positioning the company at the epicenter of America's fastest-growing real estate market. The decision carries several strategic advantages:

  • Operational cost reduction through Texas's favorable tax structure and lower operating expenses compared to California
  • Enhanced access to a growing tech talent pool, particularly as Austin continues to emerge as a prominent technology hub
  • Strategic positioning in the nation's most active housing market, with Texas accounting for 15% of U.S. housing permits despite representing only 9% of the population

The timing is particularly strategic as Texas is projected to overtake California as the most populous state by 2045. This demographic shift, coupled with the state's business-friendly environment, positions Realtor.com to capitalize on long-term growth opportunities in the digital real estate sector. For News Corp investors, this move signals a forward-thinking approach to cost management and market positioning, potentially leading to improved operational efficiency and enhanced competitive advantages in the digital real estate space.

This headquarters relocation represents a strategic alignment with fundamental shifts in the U.S. housing market landscape. Texas's emergence as the leader in housing permits, commanding 15% of national permits, signals a structural transformation in American real estate dynamics. The state's focus on affordable housing development, coupled with its rapid population growth, creates a unique market environment that could significantly benefit Realtor.com's operations.

The migration patterns highlighted in Realtor.com's report, particularly the influx from California and international locations, suggest a sustained long-term growth trajectory for Texas real estate. This positions the company to better serve and understand its evolving user base while potentially capturing a larger share of the growing Texas market. The state's commitment to housing development and affordability stands in stark contrast to California's housing constraints, indicating potential for sustained market growth and business expansion opportunities.

Company Moves Headquarters from California to Texas Amid a Boom in the Texas Real Estate Market

AUSTIN, Texas, Feb. 6, 2025 /PRNewswire/ -- Realtor.com®, a leading provider of online real estate services and subsidiary of News Corp, today announced the relocation of its corporate headquarters to Austin, Texas from Santa Clara, Calif. With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas.

Over the last few years, Realtor.com® has invested in its Austin location through hiring, supporting the local community through numerous charitable events, and developing new talent through its Austin-based internship program. The company plans to invest in further talent development in its headquarters.

"Austin and Texas offer a strong and growing talent pool, a powerhouse economy with unparalleled housing growth, affordability of living only matched by its aspirational lifestyle, expansive tech and academic communities, and a dynamic and vibrant city at the heart of the thriving state of Texas. There is no better place for us to call home," said Damian Eales, Chief Executive Officer, Realtor.com®. "Over the coming years we are committed to growing our presence by hiring great local talent and by bringing new recruits to Texas."

"Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at a moment of national economic renaissance for America. We are proud to be housed in a state which understands the crucial role played by business in providing opportunities for personal growth, professional success and community achievement. Our investment in Austin is a downpayment on The American Dream," Robert Thomson, Chief Executive Officer of News Corp, parent company of Realtor.com®.

"We are proud to welcome Realtor.com®'s corporate headquarters to Austin as they expand their presence in Texas, along with our state's growing housing market," said Governor Greg Abbott. "Thanks to our unmatched business environment, no corporate or personal income taxes, and our highly skilled, young, and diverse workforce, Texas is the right place for Realtor.com®. Companies like Realtor.com® found a home where they have the freedom to grow their business and better serve their employees and customers. Working together, we will provide Realtor.com® and their employees the freedom to thrive in our great state."

Today, Realtor.com® released a new report looking at the state of Texas real estate. This new Realtor.com® report found that Texas is the fastest growing state and is forecast to overtake California as the most populous state in 2045. According to the report, top reasons people move to Texas are for plentiful jobs, affordable housing, and a different climate, and primarily come from California and abroad.

The report highlights how Texas is building more affordable homes than the rest of the country and was the number one state for permitted housing units, accounting for 15% of the 2024 U.S. total, punching well-above its 9% share of the U.S. population.

On January 29th, Texas Governor Abbott, Robert Thomson, CEO, News Corp and Damian Eales, CEO, Realtor.com® celebrated the upcoming announcement of Realtor.com®'s headquarters in Austin over dinner at the Governor's Mansion.

About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

Media Contact: Mallory Micetich, press@realtor.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/realtorcom-makes-austin-texas-its-new-headquarters-302369328.html

SOURCE Realtor.com

FAQ

Why did Realtor.com (NWSA) move its headquarters from California to Texas?

Realtor.com relocated to Austin, Texas due to the state's strong talent pool, growing economy, housing affordability, tech community, and business-friendly environment with no corporate or personal income taxes.

What percentage of U.S. permitted housing units did Texas account for in 2024?

Texas accounted for 15% of U.S. permitted housing units in 2024, exceeding its 9% share of the U.S. population.

When is Texas projected to overtake California as the most populous state?

According to Realtor.com's report, Texas is forecast to overtake California as the most populous state in 2045.

What are the main reasons people are moving to Texas according to Realtor.com's report?

According to the report, people primarily move to Texas for plentiful jobs, affordable housing, and a different climate, with most relocating from California and abroad.

News Corp

NASDAQ:NWSA

NWSA Rankings

NWSA Latest News

NWSA Stock Data

16.41B
489.27M
0.08%
102.83%
0.94%
Entertainment
Newspapers: Publishing Or Publishing & Printing
Link
United States
NEW YORK