Realtor.com, a leading online real estate services provider and subsidiary of News Corp, has announced the relocation of its corporate headquarters from Santa Clara, California, to Austin, Texas. This move is part of the company’s strategy to leverage Austin’s growing talent pool and dynamic economy.
Over the past few years, Realtor.com has invested in its Austin location through hiring initiatives, community engagement, and internship programs. By establishing its headquarters in Austin, the company aims to expand its investment in talent development and capitalize on the city’s tech and academic communities.
CEO Damian Eales highlighted Austin’s strong and growing talent pool, robust economy, housing growth, and quality of life as key factors in the decision. He emphasized the company’s commitment to hiring local talent and bringing new recruits to Texas in the coming years.
News Corp CEO Robert Thomson noted that basing Realtor.com in Texas places the company at the heart of innovation during a time of national economic growth. He praised the state’s understanding of the crucial role businesses play in providing opportunities for personal and professional success.
Texas Governor Greg Abbott welcomed the relocation, stating, “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.”
Realtor.com’s research indicates that Texas, currently the fastest-growing state in the country, is expected to surpass California as the most populous state by 2045. The top reasons for this migration include job availability, affordable housing, and a warmer climate.
