Six years after opening an workplace in Austin, Realtor.com is making the house its new headquarters. The corporate mentioned it has greater than 400 workers in Texas and now plans so as to add “tons of extra.”
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Practically six years after opening an workplace in Austin, Realtor.com is making the Lone Star State its major operations hub.
Damian Eales
“Austin and Texas provide a robust and rising expertise pool, a powerhouse financial system with unparalleled housing development, affordability of dwelling solely matched by its aspirational life-style, expansive tech and educational communities, and a dynamic and vibrant metropolis on the coronary heart of the thriving state of Texas,” Realtor.com Chief Govt Officer Damian Eales mentioned in an announcement. “There isn’t any higher place for us to name house.”
The corporate mentioned it has spent the previous few years growing a robust pool of skilled professionals and hungry up-and-comers by means of its internship program. Now they’re headquartered in Texas, Realtor.com mentioned it is going to be in a position ramp up its recruiting efforts and appeal to a larger variety of professionals who see Texas as the proper mixture of innovation, alternative and affordability.
A Realtor.com spokesperson advised Inman the corporate’s Austin workplace at the moment has 400 workers they usually plan to rent “tons of extra” in engineering, expertise, advertising and marketing, and senior management roles. As for the staff who had been based mostly on the portal’s now-closed Santa Clara HQ, they’ve all been transitioned to distant roles.
Information Corp CEO Robert Thomson mentioned Realtor.com’s transfer to Texas is a “downpayment on The American Dream.” New Realtor.com knowledge mentioned Texas builders filed the best variety of new-home permits in 2024. The abundance of new-home stock has saved housing costs in Texas inexpensive, with the median itemizing value within the state clocking in at $360,000— $40,000 decrease than the nationwide median of $400,000.
“Basing Realtor.com in Texas places our firm on the coronary heart of innovation and inspiration at a second of nationwide financial renaissance for America,” Thomson mentioned in his assertion. “We’re proud to be housed in a state which understands the essential position performed by enterprise in offering alternatives for private development, skilled success and group achievement.”
Per week earlier than the announcement, Eales and Thomson met Texas Governor Greg Abbott to speak about Realtor.com’s dedication to Austin and its position because the strongest tech hub within the south.
“We’re proud to welcome Realtor.com’s company headquarters to Austin as they develop their presence in Texas, together with our state’s rising housing market,” Abbott mentioned in an announcement. “Because of our unmatched enterprise atmosphere, no company or private revenue taxes, and our extremely expert, younger, and various workforce, Texas is the correct place for Realtor.com.”
“Corporations like Realtor.com discovered a house the place they’ve the liberty to develop their enterprise and higher serve their workers and clients,” he added. “Working collectively, we’ll present Realtor.com and their workers the liberty to thrive in our nice state.”
Information of the brand new HQ got here a day after Realtor.com father or mother firm Transfer posted its first income bump in additional than two years. The corporate’s revenues elevated 2 p.c yr over yr to $130 million through the second quarter.
The remainder of the portal’s metrics had been flat or down on an annual foundation, attributable to continued market headwinds and affordability points. Nevertheless, Information Corp mentioned it was happy with Transfer’s efficiency, with the corporate sustaining “sturdy viewers share regardless of a lot greater aggressive advertising and marketing spend.”
Thomson batted away questions on promoting Transfer through the earnings name, noting Information Corp is devoted to Transfer and Realtor.com for the long-haul. “[We plan] to maintain the vehicles within the storage,” he mentioned.
E-mail Marian McPherson
