Realtor.com is relocating its corporate headquarters from Santa Clara, California, to the Texas capital of Austin.
The company was originally located in San Jose when it was founded in 1995 and moved to Santa Clara in 2016. Realtor.com’s leadership made the announcement in an appearance with Texas Gov. Greg Abbott, but no mention was made if the state government offered any special incentives for the relocation.
“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, CEO of 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,” added Robert Thomson, CEO of Realtor.com’s parent company News Corp (NASDAQ; NWSA). “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.”
Great news!
Good idea. Other companies are leaving California for Texas as fast as the moving vans can arrive.
Realtor.com was supposed to be owned by NAR, for the benefit of the members.
What happened?
And when a buyer searches Realtor.com, a PAYING agent gets the inquiry, instead of
the listing agent.
And how is most of the NAR TV advertising helping agents? It started as a temporary
measure in 1979 to help us through the recession. Never dropped off!
We should take back our MLS!