News Corp Stock Price, News & Analysis

Realtor.com has launched a groundbreaking property tax assessment tool revealing that over 40% of U.S. homeowners may be overpaying their property taxes. The new feature, integrated into the My Home dashboard, helps homeowners identify potential savings and provides evidence for tax protests.

The analysis shows a median potential savings of $539 per year, equivalent to 15% of the average property tax bill. Texas leads with 51.2% of homes identified for protesting, followed by South Dakota (48.3%) and California (47.8%). The median U.S. property tax bill increased to $3,500 in 2024, up 2.8% from 2023.

The tool offers three key benefits: personalized savings estimates, downloadable evidence packets, and market comparisons for building appeals cases. Georgia experienced the highest tax burden increase at 15.6%, while Nebraska saw the largest decrease at -15.3%. The resource is now available across all platforms for homeowners who claim their property through Realtor.com.

News Corp (NWS) has announced it will release its third quarter Fiscal 2025 financial results on Thursday, May 8, 2025. The company will host a live audio webcast at 5:00 p.m. EDT (Sydney: May 9, at 7:00 a.m. AEST), featuring Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar discussing the quarterly performance.

Investors and interested parties can access the webcast through a registration link, and the earnings release will be available on the company's investor relations website prior to the call. An archived version of the webcast and a replay will be accessible shortly after the call concludes.

Realtor.com has released its 'Grading the States: Affordability & Homebuilding Report Cards' highlighting the nationwide housing shortage of over 4 million homes. The report evaluates states based on housing affordability and new construction capabilities.

South Carolina leads with an A grade, followed by Iowa and Texas (A-), and Indiana and North Carolina (B+). The South and Midwest dominate the rankings due to ample land availability and lower listing prices. These regions show the strongest mix of affordability and robust homebuilding efforts.

The report reveals that only 18 states have median homes affordable to median earners. Seven states (Texas, Florida, California, North Carolina, Georgia, Arizona, and South Carolina) account for over 50% of construction permits in 2024. The Northeast and West Coast struggle significantly, with Rhode Island, Massachusetts, New York, Hawaii, and California receiving the lowest grades due to high housing costs and construction.

Realtor.com® and Local Logic have released a ranking of America's Top Eco-Friendly Cities for Car-Free Transit, highlighting cities where sustainable transportation is most viable. Hoboken, NJ leads the list with 78.4% of residents commuting without cars, followed by Cambridge, MA and Brookline, MA.

The ranking combines U.S. Census data on car-free commuters with Local Logic's proprietary Location Scores for walkability, bikeability, and public transit access. The Northeast and California's Bay Area dominate the top positions, with cities showing strong investments in infrastructure and transit-oriented development.

Key metrics for top cities include: Hoboken ($785,000 median list price, 17 days on market), Cambridge ($1,410,000, 25 days), and Brookline ($2,550,000, 20 days). These markets demonstrate strong home values, reflecting their accessibility to jobs and high quality of life through sustainable transportation options.

Realtor.com's March Rent Report reveals that despite 20 consecutive months of declines, rental prices remain significantly higher than pre-pandemic levels in most U.S. metros. The current median asking rent of $1,694 is $65 lower than the 2022 peak, representing over $700 in annual savings.

The median rent has increased 20.2% from March 2019 ($1,409) to March 2025. Notable regional growth leaders include Pittsburgh (47.9%), Tampa (45.7%), Indianapolis (34%), and Sacramento (30.6%). San Francisco remains the only market with below pre-pandemic rates.

New 25% tariffs on steel and aluminum threaten to impact multifamily construction, particularly affecting markets with rapid permitting growth. Milwaukee (101.3%), Oklahoma City (90.4%), and Memphis (39.5%) face the highest risk, as increased construction costs could lead to project delays or cancellations, potentially pushing rental prices higher.

Realtor.com's latest survey reveals strong seller optimism in the housing market, with 81% of potential sellers expecting to receive their asking price or more in 2025. 70% of sellers believe it's a good time to sell, despite challenging market conditions.

The survey highlights that 79% of potential sellers are motivated by necessity, with 46% seeking a different community. Key findings show that 75% expect average or shorter selling times, and 63% anticipate minimal concessions. However, 55% of those considering selling for over a year feel 'locked in' due to high mortgage rates.

Regional differences show the Northeast leading in seller confidence at 80%, compared to the West (72%), South (69%), and Midwest (65%). The study found that 96% of potential sellers have taken preparatory steps, with 71% checking home values and 38% making home improvements.