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.
- To learn more about career opportunities, please visit
the Realtor.com® career page.
- To learn more about the Texas
housing market, read our new report, The Texas State of Real Estate.
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
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SOURCE Realtor.com
