News Corp Stock Price, News & Analysis

The Realtor.com Investor Report reveals that in 19 of the 50 largest U.S. markets, investors are contributing to housing inventory, notably in Atlanta, Dallas, and Baltimore. In April 2021, these areas saw significant increases in homes for sale, counteracting the inventory shortage affecting buyers. Meanwhile, 31 markets, including Phoenix and Charlotte, experienced a decline in inventory as investors bought more homes than they sold. The report highlights that rising home prices and stagnant rents are influencing investor decisions, with Atlanta's median listing price at $392,000 and a significant inventory drop of 63.4% year-over-year.

News Corp will announce its fourth quarter and full year Fiscal 2021 results on August 5, 2021. CEO Robert Thomson and CFO Susan Panuccio will hold a call at 5:00 p.m. EDT to discuss the findings. Analysts and media can participate via a listen-only line. A live audio webcast will be available on the company's investor site. Replays will be accessible for 10 business days post-call. News Corp operates globally in various media sectors, emphasizing authoritative content creation and distribution.

The June 2021 Realtor.com® Monthly Rental Report highlights a significant rise in U.S. rental prices, with the median rent hitting $1,575, an 8.1% year-over-year increase. Notably, 44 out of 50 major metros recorded record highs, particularly in Riverside, Memphis, Tampa, and Phoenix, experiencing over 20% growth. The Chief Economist points out that this surge exacerbates the K-shaped recovery from the pandemic, with rents outpacing income growth. Additionally, demand for larger living spaces has led to a notable increase in two-bedroom rents, up 10.2% year-over-year.

Tastemade and Realtor.com are set to launch the second season of their acclaimed series Beyond the Block on July 22, 2021. This five-episode series features REALTOR® Andrew Tyree assisting first-time homebuyers across various cities, addressing their unique needs in the housing market. With one-third of potential buyers looking for their first home, this season is particularly relevant. The show aims to explore the emotional journeys of buyers, highlighting the importance of community and lifestyle in finding a new home.

The Realtor.com® Monthly Housing Report for June 2021 highlights a rebound in new listings, with home prices reaching $385,000, a record high for the fifth consecutive month. Although active listings fell 43.1% year-over-year, new listings rose 5.5% from last June. The median listing price grew 12.7%, although growth is moderating compared to previous months. Homes are selling faster, averaging 37 days on the market, down 35 days from last year. Major U.S. metros like Milwaukee and San Jose saw significant increases in new listings, indicating improved market conditions.

According to Realtor.com's Monthly Rental Report for May 2021, the U.S. median rental price reached $1,527, marking a 5.5% year-over-year increase and surpassing pre-pandemic growth rates. This increase reflects a broader trend where 38 of the 50 largest U.S. markets saw rents at their highest since March 2019, with smaller tech cities and suburbs leading the rebound. Notably, Riverside, CA, experienced a 19.2% increase in rent, reaching $2,020. However, major metros like Los Angeles and Boston saw rents decline, highlighting uneven recovery across the nation.

News Corp announced that Brian Murray, President and CEO of HarperCollins Publishers, will participate in the Credit Suisse 23rd Annual Communications Conference on June 15. The virtual session is scheduled for 9:30am EDT. Interested parties can listen to a live webcast on the News Corp website, with a replay available afterward. News Corp, listed on Nasdaq as NWS and NWSA, is a global media and information services company, while HarperCollins is the second largest consumer book publisher worldwide, publishing approximately 10,000 new books annually.