Realtor.com, a subsidiary of News Corp, announced on Feb. 6 that it would move its headquarters from Santa Clara, California, to Austin, Texas.
In a statement emailed to The Epoch Times on Feb. 7, a spokesperson for Realtor.com said, “Realtor.com has been part of the Austin community since 2019, and with our announcement this week, we’re making that location our official 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,” Damian Eales, CEO of Realtor.com, said in the statement.
In recent years, Realtor.com has been investing in and supporting the Austin community through an internship program to develop new talent. Now, with its headquarters moving, the company is planning to hire locally soon.
“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,” said Robert Thomson, CEO of News Corp.
Texas Gov. Greg Abbott said the state is proud to welcome Realtor.com’s new headquarters and the housing market.
“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,” he said in the statement.
The three men celebrated the announcement over dinner at the Governor’s Mansion on Jan. 29.
Realtor.com released a report on Feb. 6 forecasting that Texas will surpass California as the most populous state by 2045.
The report says the top reasons people move to Texas are plentiful jobs, affordable housing, and a different climate. The state also ranks number one for permitting housing units, building more affordable housing than the rest of the country.
Between 2009 and 2023, California, Florida, and Oklahoma were the top three states whose residents migrated to Texas. Also in the top 10 were New Jersey, Michigan, Illinois, Louisiana, Alabama, New York, and South Carolina.
Other companies that have moved from California to Texas include social media platform X (Twitter), Chevron, Oracle, Charles Schwab, and Hewlett-Packard Enterprise.
