Six years after opening an office in Austin, Realtor.com has its space as its new headquarters. The company said it has more than 400 employees in Texas, and is now planning to add “hundreds more.”
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Almost six years after opening an office in Austin, Realtor.com has made Lone Star State the main operation hub.
Damien Eir
“Austin and Texas are dynamic at the heart of a strong and growing talent pool, a powerful economy with unparalleled housing growth, its ambitious lifestyle, vast technology and academic communities and a thriving state. We offer affordable prices for living that matches only with lively cities. Texas,” Realtor.com CEO Damian Eales said in a statement. “There’s no good place for us to call home.”
The company said over the past few years it has developed a strong pool of experienced professionals and hungry promising figures through its internship programme. Now they are headquartered in Texas, and Realtor.com says it can bolster its recruitment efforts and attract many experts who view Texas as the perfect combination of innovation, opportunity and affordability. I did.
A Realtor.com spokesman told Inman that the company’s Austin office currently has 400 employees and plans to hire “hundreds more” in engineering, technology, marketing and senior leadership roles. For employees based at the portal’s now-closed Santa Clara headquarters, they’re all transitioning to remote roles.
News Corp CEO Robert Thomson said Realtor.com’s move to Texas is a “down payment for the American Dream.” New Realtor.com data said Texas Builders submitted the most new housing permits in 2024. A wealth of new stock availability makes home prices in Texas affordable, with median state listing prices lower than $40,000 at $40,000, down from $40,000, above the national median $400,000.
“Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at the moment of the American national economic renaissance,” Thomson said in a statement. “We are proud to be housed in a state that understands the key role that businesses play in providing opportunities for personal growth, professional success and community outcomes.”
A week before the announcement, Eales and Thomson met Governor Greg Abbott, Texas, to discuss Realtor.com’s commitment to Austin and its role as the most powerful technology hub in the South.
“Realtor.com’s headquarters are proud to be welcoming to Austin, expanding its Texas presence along with the state’s growing housing market,” Abbott said in a statement. “Thanks to an unparalleled business environment, no corporate or personal income tax, and a highly skilled, young and diverse workforce, Texas is a good place for Realtor.com.”
“Companies like Realtor.com have found a home with the freedom to grow their businesses and serve their employees and customers,” he added. “We work together to provide Realtor.com and its employees with the freedom to thrive in our greatness.”
New HQ news came the day after Realtor.com’s parent company Move posted its first revenue bump in over two years. The company’s revenues rose 2% year-on-year to $130 million in the second quarter.
The remaining metrics on the portal were flat or falling annually due to ongoing market headwinds and affordability issues. However, News Corp said he was pleased with Move’s performance and maintained that it “has a strong audience sharing despite much higher competitive marketing spending.”
Thomson beat questions about sales moves during revenue calls, noting that News Corp is dedicated to long-distance moves and Realtor.com. “[We plan] To keep the car in the garage,” he said.
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