Realtor.com® Makes Austin, Texas Its New Headquarters

Rhea-AI Summary

Realtor.com®, a News Corp subsidiary, announced the relocation of its corporate headquarters from Santa Clara, California to Austin, Texas. The company has designated Austin as its primary hiring location, committing to long-term growth in Texas through talent development and office expansion.

The decision aligns with Texas's robust real estate market growth. According to a new Realtor.com® report, Texas is the fastest-growing state, projected to surpass California as the most populous state by 2045. The report highlights Texas's leadership in housing development, accounting for 15% of U.S. permitted housing units in 2024, exceeding its 9% population share.

The move is attributed to Texas's strong talent pool, growing economy, housing affordability, tech community, and business-friendly environment, including no corporate or personal income taxes. The company has already established a presence in Austin through hiring initiatives, community engagement, and an internship program.

Positive

• Strategic relocation to a high-growth market with lower operational costs
• Moving to a state with no corporate or personal income taxes
• Positioning in the fastest-growing state market with strong housing development
• Access to expanding talent pool and tech community

Negative

• Potential relocation costs and temporary operational disruption
• Risk of losing California-based talent

Company Moves Headquarters from California to Texas Amid a Boom in the Texas Real Estate Market

AUSTIN, Texas, Feb. 6, 2025 /PRNewswire/ -- Realtor.com^®, a leading provider of online real estate services and subsidiary of News Corp, today announced the relocation of its corporate headquarters to Austin, Texas from Santa Clara, Calif. With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas.

Over the last few years, Realtor.com^® has invested in its Austin location through hiring, supporting the local community through numerous charitable events, and developing new talent through its Austin-based internship program. The company plans to invest in further talent development in its headquarters.

"Austin and Texas offer a strong and growing talent pool, a powerhouse economy with unparalleled housing growth, affordability of living only matched by its aspirational lifestyle, expansive tech and academic communities, and a dynamic and vibrant city at the heart of the thriving state of Texas. There is no better place for us to call home," said Damian Eales, Chief Executive Officer, Realtor.com^®. "Over the coming years we are committed to growing our presence by hiring great local talent and by bringing new recruits to Texas."

"Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at a moment of national economic renaissance for America. We are proud to be housed in a state which understands the crucial role played by business in providing opportunities for personal growth, professional success and community achievement. Our investment in Austin is a downpayment on The American Dream," Robert Thomson, Chief Executive Officer of News Corp, parent company of Realtor.com^®.

"We are proud to welcome Realtor.com^®'s corporate headquarters to Austin as they expand their presence in Texas, along with our state's growing housing market," said Governor Greg Abbott. "Thanks to our unmatched business environment, no corporate or personal income taxes, and our highly skilled, young, and diverse workforce, Texas is the right place for Realtor.com^®. Companies like Realtor.com^® found a home where they have the freedom to grow their business and better serve their employees and customers. Working together, we will provide Realtor.com^® and their employees the freedom to thrive in our great state."

Today, Realtor.com^® released a new report looking at the state of Texas real estate. This new Realtor.com^® report found that Texas is the fastest growing state and is forecast to overtake California as the most populous state in 2045. According to the report, top reasons people move to Texas are for plentiful jobs, affordable housing, and a different climate, and primarily come from California and abroad.

The report highlights how Texas is building more affordable homes than the rest of the country and was the number one state for permitted housing units, accounting for 15% of the 2024 U.S. total, punching well-above its 9% share of the U.S. population.

On January 29th, Texas Governor Abbott, Robert Thomson, CEO, News Corp and Damian Eales, CEO, Realtor.com^® celebrated the upcoming announcement of Realtor.com^®'s headquarters in Austin over dinner at the Governor's Mansion.

• To learn more about career opportunities, please visit the Realtor.com^® career page.
• To learn more about the Texas housing market, read our new report, The Texas State of Real Estate.

About Realtor.com^®
Realtor.com^® is an open real estate marketplace built for everyone. Realtor.com^® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com^® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com^® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com^® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com^®.

Media Contact: Mallory Micetich, press@realtor.com

 

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SOURCE Realtor.com

FAQ

Why did Realtor.com (NWSA) move its headquarters from California to Texas?

Realtor.com relocated to Austin, Texas due to the state's strong talent pool, growing economy, housing affordability, tech community, and business-friendly environment with no corporate or personal income taxes.

What percentage of U.S. permitted housing units did Texas account for in 2024?

Texas accounted for 15% of U.S. permitted housing units in 2024, exceeding its 9% share of the U.S. population.

When is Texas projected to overtake California as the most populous state?

According to Realtor.com's report, Texas is forecast to overtake California as the most populous state in 2045.

What are the main reasons people are moving to Texas according to Realtor.com's report?

According to the report, people primarily move to Texas for plentiful jobs, affordable housing, and a different climate, with most relocating from California and abroad.