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News Corporation operates as a global diversified media and information services company with businesses in information services and news, digital real estate services, and book publishing. Company updates commonly address earnings performance across Dow Jones, Digital Real Estate Services and HarperCollins, as well as advertising trends, subscription and professional information products, and capital allocation through share repurchases.
News from its operating businesses also includes Realtor.com housing-market research and platform collaborations, HarperCollins title and imprint activity, and content relationships tied to artificial intelligence. News Corp operates primarily in the United States, Australia and the United Kingdom, while distributing its content, data products and publishing catalog worldwide.
SANTA CLARA, Calif., June 30, 2020 /PRNewswire/ -- Realtor.com has appointed Mickey Neuberger as its new Chief Marketing Officer. Neuberger brings over 25 years of experience from notable companies like eBay, where he achieved significant growth in marketing performance. Reporting to CEO David Doctorow, Mickey aims to enhance realtor.com's marketing strategy, focusing on making the home buying and selling process easier and more rewarding. His background includes a BS in Computer Science and a BA in Economics, along with an MBA from UC Berkeley.
The U.S. luxury housing market showed resilience in May 2020, with searches for million-dollar homes increasing by 7.3% year-over-year. Despite ongoing inventory challenges, luxury listing prices rose to an entry point of $2.97 million, reflecting a 0.5% increase from April and 6.1% year-over-year. Notably, the luxury sector led overall median price growth, which was 1.6% year-over-year in May. Areas like The Hamptons and Palm Springs saw significant increases in property views, demonstrating an interest shift towards second homes.
Realtor.com®'s Weekly Housing Recovery Report for the week ending June 13 indicates a significant recovery in tech-centric housing markets like Denver, Boston, and Seattle, which have surpassed January 2020 activity levels. The national recovery index reached 90.0, suggesting the U.S. market is nearly halfway back to pre-COVID levels. However, total listings declined by 27% YoY, and new listings fell 20%. Median listing prices increased by 4.6% compared to last year, signaling rising buyer interest despite longer time on market.
The housing market showed signs of recovery in May 2020, with increasing consumer interest in suburban and rural areas, according to realtor.com. Online listing views in suburban ZIP codes rose by 13%, outpacing urban areas. Although time on the market increased nationally, suburban and rural areas experienced lower rates. Notably, over half of the top 100 metros are witnessing a shift towards suburban locations. The surge in interest is attributed to the desire for more space and remote work opportunities. May also marked one of the largest discrepancies in suburban versus urban property views since tracking began.