We can t compete with all cash : The struggle is real to buy a home during COVID-19
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News Corp said net quarterly profit nearly tripled, driven by strong growth at its book-publishing and digital real-estate businesses as well as at Wall Street Journal parent Dow Jones & Co.
The New York-based media company, which owns the Journal, HarperCollins Publishers and news organizations in the U.K. and Australia, posted net profit of $231 million, or 39 cents a share, in the quarter ended Dec. 31, compared with $85 million, or 14 cents a share, a year earlier, thanks to improved performance and lower operating expenses. Revenue slipped 2.6% to $2.41 billion, primarily due to the loss of contributions from its coupon-publishing unit, which was sold last year.
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Before taking the helm a year ago at Move Inc., the News Corp. subsidiary that operates the online search portal realtor.com, David Doctorow had served in executive roles at eBay and Expedia and could see the similarities and the opportunities to fill consumers’ needs between those marketplaces and online real estate.
Doctorow spoke with moderator Clelia Peters at Inman Connect on Thursday, in a session called “The Evolving Ecosystem of Real Estate Search and Transactions.”
“Real estate is special,” Doctorow told conference attendees. “It touches everybody’s life. It’s a really important human need. So the purpose that we’re after to make a difference on people’s shelter is meaningful in the world and that’s part of what was appealing.”
Inman Connect
After months of exploding interest in virtual real estate experiences, realtor.com and Qualia announced Monday that they have teamed up to provide agents with new digital closing options.
The partnership will give agents who participate in realtor.com’s ReadyConnect Concierge network access to Qualia’s digital title and notarization services. Agents will be able to access those services through the ReadyConnect agent app, and will be able to choose from a variety of title companies that work with Qualia. From inside the app, agents will also have the ability to track the progress of a deal in real time, review documents and communicate with various parties involved in the sale, according to a statement from the companies.
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