Realtor.com Moves Headquarters to Austin, Texas

Categories: California Business NewsCalifornia News

The vibrant skyline of Austin, Texas, where Realtor.com has relocated its headquarters.

News Summary

Realtor.com has officially relocated its headquarters from Santa Clara, California, to Austin, Texas, establishing a new presence in the heart of the Lone Star State. With a workforce of 400, the company plans to hire many more in the coming years, tapping into the local talent pool. This move not only positions Realtor.com favorably in the booming Texas real estate market but also reflects the growing trend of companies and individuals migrating to Texas for its business-friendly environment and affordable living.

Austin Welcomes a New Neighbor: Realtor.com Moves In!

The vibrant city of Austin, Texas is buzzing with excitement as Realtor.com, a prominent player in the real estate marketplace, has just announced its big move to the heart of Texas. The company is packing its bags and bidding farewell to Santa Clara, California, to set up shop in Austin.

Lights, Camera, Relocation!

Realtor.com is no stranger to business, and with a current workforce of 400 talented individuals based at 901 E. Sixth St., the relocation makes Austin its official headquarters. But that’s not all! The company still plans to keep its offices in New York and Scottsdale, Arizona. This new chapter for Realtor.com involves closing down offices in both Santa Clara and Chicago, signaling a significant shift in the real estate landscape.

Why Austin?

So, what prompted this exciting move? Well, the city’s central location in the U.S., its friendly business environment, and an outstanding tech scene filled with skilled talent are just a few key factors. Realtor.com is making this move to not only thrive in a new setting but to also better position itself as a leader in the real estate market.

Growing the Team

With plans to hire “many hundreds” of new employees in the coming years, Realtor.com is gearing up to expand its team in Austin. The company is placing a strong emphasis on local recruitment, targeting individuals who are already entrenched in the Austin community. As Texas offers more affordable housing compared to its Californian counterpart, it’s a win-win situation for both the company and its prospective employees.

Teaming Up with Texas’ Housing Boom

Texas has been on fire lately when it comes to new housing permits, claiming an impressive 15% of all new permits in the U.S. in 2024. This is more than any other state, making it an appealing place for businesses and individuals alike. The real estate environment is particularly friendly, as nearly 48% of all for-sale inventory in Texas was listed below $350,000 in 2024. With such great opportunities for affordable living, it’s no wonder Realtor.com has set its sights here.

Standing Out in a Crowd

For Realtor.com, moving to Austin not only provides it a fresh start but allows it to stand out from the Silicon Valley hustle and bustle. With its current office space leasing around 60,000 square feet, the company’s immediate plans don’t require new office space. However, if growth continues, they may look into expanding their existing location or even moving to a bigger one.

Welcome to Texas!

The move has garnered praise from local leaders, including the Governor, who highlighted Texas as a region with an unmatched business environment, tax perks, and a highly skilled workforce. Such accolades make Texas not just a destination for new businesses but a magnet for individuals seeking new opportunities.

Why Everyone’s Moving to Texas

The buzz about Texas isn’t just about new business openings. More and more individuals are flocking to the Lone Star State for its extensive job opportunities, affordable housing, and even favorable climate preferences. Recent reports show that Texas is on track to surpass California as the most populous state by 2045. Can you imagine all the growth and change to come?

Community Investment

Realtor.com is not just about business; it has already laid down roots in the Austin community through various charitable events and internship programs. After more than 25 years in the game, this company is all set to build upon its legacy right here in Austin.

What’s Next?

All eyes are now on Realtor.com and its bright future in Texas. With a focus on hiring senior technologists, marketers, and strategy professionals, the company is ready to take Austin’s tech scene by storm. As they continue to grow, one thing is for sure—this lively city is ready to welcome its new real estate giant with open arms!