Move Inc., the operator of Realtor.com, posted a 10% revenue gain to $148 million in News Corp’s fiscal third quarter, driven by what executives described as a market “renaissance” and an expanded partnership with Zillow. Parent company News Corp saw total revenue climb 9% to $2.19 billion, with net income rising 13% to $121 million.
The company claimed a 31% share of real estate portal visits during the first three months of 2026, according to Comscore data — a figure six times that of Homes.com and three times Redfin’s share. The numbers underscore Realtor.com’s dominant position in the online listing space as the spring buying season unfolds.
Mortgage rates remain a wildcard for the sector. While Realtor.com’s traffic gains suggest strong consumer engagement, affordability constraints tied to elevated borrowing costs continue to pressure buyer purchasing power across many markets. The portal’s alliance with Zillow aims to streamline the shopping experience and convert lookers into buyers.
On the ground, inventory levels have shown signs of thawing in several major metros, though days on market remain elevated compared to pre-pandemic norms. Sellers in competitive price tiers are increasingly offering concessions, while buyers in higher-rate environments are gravitating toward move-in-ready homes over fixer-uppers.
Economists caution that Realtor.com’s traffic share, while impressive, does not automatically translate into closed transactions, especially if rate cuts fail to materialize in the second half of the year. The partnership with Zillow will face its first real test when summer sales data arrives.