News Corporation reports developments across a diversified media, information services, book publishing and digital real estate portfolio. Company news commonly includes Realtor.com housing-market research, home-search technology and rental or luxury-market analysis; Dow Jones business-information products, live events and energy-market analytics; and HarperCollins publishing updates, including William Morrow titles.
Coverage also reflects governance and editorial-independence matters tied to Dow Jones and The Wall Street Journal, along with portfolio context for brands such as Barron’s, MarketWatch, Dow Jones Risk & Compliance, Dow Jones Newswires, REA Group and Move.
Realtor.com® has unveiled its list of the Most Affordable Beach Towns in America for 2024, where the dream of owning a waterfront home can be realized for under $450,000. Topping the list is Pascagoula, Mississippi, with a median list price of $164,900, followed by Atlantic City, NJ at $239,000, and Deerfield Beach, FL at $239,950. These towns offer a mix of outdoor activities and work opportunities, making them attractive places to live. The list includes towns from various regions, ensuring geographic diversity and adequate inventory.
News reported third quarter fiscal 2024 results with revenues of $2.42 billion, a 1% decrease, net income of $42 million, a 29% decrease, and total segment EBITDA of $322 million, a 1% increase year-over-year. Despite challenges like lower advertising revenues and ongoing housing market conditions, the company achieved growth in professional information business revenues and digital subscriptions. CEO Robert Thomson highlighted the company's profitability growth and commitment to quality journalism amidst an evolving digital landscape. The extension of the partnership with Google and ongoing structural changes were also mentioned.
Austin, Texas has been ranked as the top rental market for college graduates in 2024. This ranking is based on factors such as high income-to-rent ratio, graduate-friendly job market, and appealing lifestyle. Other top markets include Bloomington, Minn. and Pittsburgh, Pa.
The analysis by Realtor.com® highlighted affordability, job opportunities, and lifestyle as key considerations for recent college graduates. Austin stands out with a low rent-to-income ratio, high rental vacancy rate, and a significant share of college-graduate friendly jobs.
The April Housing Report by Realtor.com reveals that the required household income to purchase a home exceeded $250,000 in four California metros, with San Jose leading at $361,000. The report also highlights the rise in active listings in the South, showing a 43% increase year over year.
Rents declined in March for the eighth consecutive month, with year-over-year prices dropping by -0.3% across all unit sizes. Major markets like Austin, Memphis, St. Louis, Atlanta, Miami, and Phoenix lead the nation with significant rent drops. Despite the decline, the median rent of $1,722 was only $36 less than the peak in August 2022. The Midwest saw steady rents, while the South and West experienced new growth. Studios saw the biggest decline, with a drop of -1.4% year-over-year.
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