Newly listed homes increased by 11.6% YOY and actively listed homes rose 33.9% YOY, according to Realtor.com® September Housing Report SANTA CLARA, Calif., Oct. 3, 2024 /PRNewswire/ -- Sellers got moving as mortgage rates notably hit a 24- month low following the Federal Reserve's jumbo rate cut of 50 bps in September. According to the Realtor.com® September Housing Report, newly listed homes increased by 11.6% compared to last September, yielding a significant reversal from the 0.9% decrease in August 2024 ...

Core Insights - Realtor.com®'s report identifies South Carolina, North Carolina, and Idaho as the leading states in new home construction and affordability rankings [1][2] - The report highlights that new construction is essential for adding inventory and affordable housing options across the United States [1][4] New Construction Rankings - The top ten states for new construction activity are primarily located in the South and West regions, with South Carolina and North Carolina at the forefront [1][2] - The rankings are based on three criteria: the share of new builds in total listings, the price per square foot premium of new builds compared to existing homes, and the number of permits for new single-family homes per capita [3] Top Ten States Overview - South Carolina ranks 4th in new construction share, 2nd in price premium, and 2nd in permits per capita, averaging a rank of 2.67 [2] - North Carolina ranks 1st in new construction share, 6th in price premium, and 3rd in permits per capita, averaging a rank of 3.33 [2] - Idaho ranks 3rd in new construction share, 9th in price premium, and 1st in permits per capita, averaging a rank of 4.33 [2] - Other notable states include Arizona (10th), Utah (5th), Florida (20th), Delaware (2nd), Texas (6th), Tennessee (8th), and Georgia (9th) [2] Affordability Trends - New home prices are currently lower than existing homes and have decreased significantly since the peak in July 2022 [4] - Builders are responding to affordability challenges by constructing smaller homes, with homes built in 2024 being 8% smaller than those built in 2022 [4] - The construction of smaller, lower-priced homes is contributing to the stabilization of listing prices in the market [4] Market Demand and Supply - There is a significant supply shortage of over 7 million single-family homes in the U.S. as of the end of 2023, driven by a pace of household formation that exceeds homebuilding rates [4] - The need for newly built homes is critical to meet housing demand and is a vital component of overall economic activity [4]

Core Insights - News Corp considered moving away from Google's advertising products in 2017 but estimated a loss of at least $9 million in revenue if they did so [1][4] - Google's dominance in the digital advertising market has led to a situation where it is essentially the only service used by publishers for ad deals, despite complaints about its tools being "clunky and slow" [2][5] - The Justice Department's antitrust case against Google highlights its control over ad tools and the significant revenue it siphons from the market, estimated at up to 35 cents of every dollar [6] Revenue and Market Share - In 2016, News Corp generated $83.3 million in ad revenue through digital ad tech tools, with $18.4 million coming from advertisers on Google's platform [3] - By the end of 2022, 70% to 80% of News Corp's ad deals were conducted through Google's tools, indicating a heavy reliance on Google's advertising ecosystem [4] Legal Proceedings - The Justice Department is pursuing a breakup of Google's ad tech business, including the divestment of its Ad Manager tool, as part of its antitrust case [7][8] - The trial is expected to last about four weeks, with US District Judge Leonie Brinkema overseeing the proceedings [8]

Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023. Activist investor Starboard Value has moved to dissolve News Corp's dual-class share structure, a challenge to the Murdoch family's control over the Wall Street Journal-parent, according to people familiar with the matter. The push was made via a non-binding shareholder resolution, said the people. News Corp's structure as of September gave Rupert Murdoch control over around 40% of the compa ...

hapabapa/iStock Editorial via Getty Images August 9 ended up being a pretty good day for shareholders of News Corporation (NASDAQ:NWS) (NASDAQ:NWSA). Shares of the company popped up about 3% after management announced financial results covering the final quarter of the company's 2024 fiscal year. While earnings per share fell short of analysts' expectations, both revenue and adjusted earnings per share beat forecasts. But this is not the first time that investors should find themselves feeling good about th ...

News Corp beat Wall Street estimates for fourth-quarter revenue on Thursday, boosted in part by digital subscription growth at its Dow Jones business. The New York-based media giant — which owns The Post, The Wall Street Journal and Dow Jones — said revenue in the quarter ended June 30 jumped 6% to $2.58 billion, compared to $2.43 billion a year earlier. The company credited much of the revenue bump on 4% growth in its Dow Jones division, which includes The Journal, Barron's and Market Watch. turned in a 6% ...

The Top 10 Represent Markets in the South, Northeast and Midwest SANTA CLARA, Calif., Aug. 6, 2024 /PRNewswire/ -- Rizz, Charisma or Clout, whatever you want to call it, a new report by Realtor.com® finds out what markets in the U.S. have that "it" factor. This new report found that of all major U.S. markets, Columbus, Ohio, Knoxville, Tenn, and Louisville, Ky rank one, two and three respectively, in terms of popularity with online searchers in the past year. "With a mix of affordability and growing invento ...

Seattle (37.3%), San Jose (30.8%) and Columbus (17.4%) See Highest Gains in New Listings this July SANTA CLARA, Calif., Aug. 1, 2024 /PRNewswire/ -- According to the Realtor.com® July housing data, the market is becoming more buyer friendly through a combination of rising inventory levels and price cut reductions. Homes actively for sale grew 36.6% in July 2024 relative to the same time last year, hitting a postpandemic high, while the share of listings with price cuts reached 18.9%, the highest rate since ...

WASHINGTON, July 29, 2024 (GLOBE NEWSWIRE) -- Verizon Business, a long-term trusted partner of the National Weather Service (NWS), has been awarded a task order valued at nearly $80 million to transition the NWS's current voice and data services from the Networx contract to the Enterprise Infrastructure Solutions (EIS) vehicle. The transition will help support the NWS's mission-critical work by providing weather, water and climate data, forecasts, warnings and impact-based decision support services. Increas ...

"Over the last year, we continued to see strong demand for rental properties, especially among younger generations prioritizing the benefits of renting, like flexibility and relative affordability, while home prices and mortgage rates remain high," said Danielle Hale, Chief Economist at Realtor.com®. "Despite high demand, there are some bright spots in the rental market around the U.S. in cities and towns that offer renters good job opportunities, a decent commute, flexible lease terms, maintenance free ame ...