News Corp Stock Price, News & Analysis

Realtor.com®'s recent survey highlights that 78% of home buyers consider natural disasters in their location decisions. Conducted in July 2021 with 3,026 consumers, it reveals 62% of homeowners are worried about disasters, particularly millennials (72%). Key concerns include tornadoes (39%) and floods (35%). The survey shows that 34% may move due to disaster risks. To aid disaster response, Realtor.com® has donated $200,000 to the REALTORS® Relief Foundation, supporting victims. Informed by flood risk data, the platform aims to assist home buyers in making safer decisions.

News Corp has authorized a $1 billion stock buyback program, replacing the previous $500 million plan from May 2013. This initiative aims to repurchase both Class A and Class B shares based on market conditions. Following a strong fiscal year, CEO Robert Thomson highlighted the program as a sign of confidence in the company's potential. The buyback is set to commence after the upcoming earnings release in early November, post a trading blackout. Additionally, changes in governance agreements have been enacted to limit voting power concentration by the Murdoch Family Trust.

The Foxtel Group, alongside shareholders News Corp and Telstra, will host a live-streamed Strategy Day to discuss the Group's strategy, transformation, and financial performance.

Introduced by CEO Robert Thomson of News Corp and Andy Penn of Telstra, the event features presentations by Patrick Delany, CEO of Foxtel Group, and others. The event will be streamed on September 30 and includes Q&A sessions. Replays will be available post-event. For further information, visit News Corp’s website.

The U.S. rental market is experiencing significant growth, with rental prices reaching a median of $1,633 in August, representing an 11.5% increase year-over-year. Rents have surged in over half of the 50 largest metros, with Tampa leading at a notable 30.6% increase. Demand is fueled by a post-pandemic recovery, as young adults seek new living spaces and homebuyers pause in a competitive housing market. All unit sizes, including studios, one-bedrooms, and two-bedrooms, saw price increases, resulting in record high rents across the nation.

News Corp announced that CEO Robert Thomson will speak at the Goldman Sachs 30th Annual Communacopia Conference on September 22, 2021, at 3:45 PM EDT. A live webcast of the session will be available on the News Corp website, with a replay expected for a short period thereafter. News Corp operates across various media sectors, including digital real estate and news services, primarily in the United States, Australia, and the United Kingdom.

The August housing report from Realtor.com indicates a shift in the U.S. housing market, with signs of increased competition among sellers. The overall inventory dropped 25.8% year-over-year, but new listings rose 4.3%. Adjustments to listing prices grew to 17.3%, marking a significant change. The median listing price increased to $380,000, an 8.6% rise from last year. Homes are selling faster, averaging 39 days on the market. Despite high demand, especially for entry-level homes, many sellers are revisiting pricing strategies as buyer competition becomes more intense.

According to Realtor.com®'s Monthly Rental Report, buying a starter home is now cheaper than renting in 24 of the 50 largest U.S. metros. Notably, Birmingham, AL, leads with a 33.1% cost difference. Rents surged by 9.8% year-over-year, with median monthly rents reaching $1,802 for two-bedrooms. First-time homebuying appears advantageous, with monthly starter home payments averaging 15.5% lower than rents in nearly half the major markets, despite rising home prices and limited inventory. Key metros for affordable buying include St. Louis, Pittsburgh, and Orlando.