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.
The News Corporation (NWS) news page on Stock Titan aggregates coverage related to the company’s diverse media and information businesses, as described in Polygon data and recent press releases. News Corp’s activities span news publishing through brands such as The Wall Street Journal and Barron’s, digital real estate platforms operated by its subsidiary Move, Inc. under the Realtor.com® brand, book publishing via HarperCollins, and business information services through Dow Jones.
Many recent items originate from Realtor.com®, which is operated by News Corp subsidiary Move, Inc. These releases present detailed analyses of U.S. rental trends, mortgage rate distributions, housing inventory, first‑time homebuyer markets, down‑payment timelines, luxury housing conditions and the performance of flipped homes. They also describe product and partnership developments, such as the integration of CubiCasa interactive floor plans into Realtor.com® listings and the launch of the PropTech Startup Showdown at SXSW in collaboration with National Association of REALTORS® Tech & Innovation.
Other news highlights Dow Jones, a division of News Corp, including an exclusive partnership with Polymarket to display prediction market data across Dow Jones consumer platforms like The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. This type of coverage focuses on how Dow Jones incorporates new data sources into its products.
Investors and observers using this page can follow News Corp‑related developments in areas such as housing market research, digital real estate product enhancements, financial information services and corporate partnerships. By reviewing this stream of company‑linked announcements and analyses, readers can see how News Corporation’s various subsidiaries and divisions are positioned across media, data and online real estate.
In March 2022, U.S. home prices reached an all-time high of $405,000, marking a 13.5% year-over-year increase. Despite high prices, demand is moderating as buyers face affordability challenges. Inventory is expected to improve in June or July due to increased new construction and less aggressive buyer competition. March saw an 18.9% decline in active listings compared to last year, but the rate of decline is slowing. Homes sold faster, averaging 38 days on the market, 11 days less than last year, indicating potential relief for buyers.
Realtor.com® has appointed Bryan Ellis as chief revenue officer and Arthur Chapin as its first chief growth officer to propel company growth. This announcement was made on March 30, 2022, with both executives reporting to CEO David Doctorow. Ellis, formerly of Angi, will focus on revenue operations, while Chapin will spearhead expansion into the rental and new homes markets. Their leadership aims to enhance technologies and services for consumers and partners, positioning Realtor.com® for continued success in the real estate sector.
In February 2022, U.S. rents soared by 17.1% year-over-year, reaching a new median of $1,792 per month, accounting for 30% of household budgets. Areas like Miami and San Diego are among the least affordable, with Miami's rents spiking by 55.3%. The report highlights a growing affordability crisis, especially in the Sun Belt, where many households face pressures from rising rental prices and mortgage rates. Despite the surge, some Middle America markets remain affordable, with rents under 30% of income. Overall, rising demand continues to outpace rental supply.
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Realtor.com forecasts the best week to list homes is from April 10-16, 2022, dubbed Listapalooza, driven by strong buyer demand, high prices, and quick sales. Sellers during this period can expect to achieve asking prices about 10.9% higher than at the year's start, and homes are anticipated to sell significantly faster than in previous years. However, market dynamics may shift due to rising mortgage rates and inflation, impacting future buyer willingness and pricing strategies.
News Corp announced that Chief Financial Officer Susan Panuccio will participate in the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on Monday, March 14, 2022. The session is scheduled to start at 2:20pm EDT. Interested investors can listen to the live webcast on the News Corp website, with a replay available afterward.
As a global, diversified media and information services company, News Corp focuses on creating and distributing content across various sectors, including digital real estate and subscription services.
News Corp announced that CEO Robert Thomson will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, starting at 8:00 AM PST. Investors and interested parties can access the live webcast via the News Corp website. A replay will be available post-conference. News Corp, listed under NWS and NWSA, is a global media and information services company, operating primarily in the US, Australia, and the UK.
Realtor.com® reported that the U.S. median home listing price reached an all-time high of $392,000 in February 2022, reflecting a 12.9% year-over-year increase. This early surge in home prices, particularly in metros like Las Vegas and Miami, indicates heightened competition ahead of the typical Spring buying season. Despite a 24.5% annual decline in active listings, new listings showed signs of improvement. However, rising mortgage rates may impact buyer affordability moving forward.
News Corp has successfully completed the acquisition of Oil Price Information Service (OPIS) for $1.150 billion, strengthening its Dow Jones division in the energy and commodities sectors. This deal is expected to yield an estimated tax benefit of $180 million. OPIS provides critical data and insights within the oil and gas industries, enhancing Dow Jones' offerings in renewables and carbon benchmarking. The acquisition aligns with News Corp's strategy to invest in premium data analytics and expand its market presence.
New data from Realtor.com's Monthly Rental Report indicates that renting is becoming increasingly expensive, with a 19.8% year-over-year increase in the U.S. median rental price to $1,789 in January. In contrast, in 26 of the 50 largest metros, the monthly cost of buying a starter home is 20.6% lower than renting. Birmingham, Cleveland, and Pittsburgh lead in affordability for first-time buyers. However, rising mortgage rates and limited inventory in competitive housing markets continue to challenge potential buyers.