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"A real estate giant has joined the growing list of companies abandoning California and heading to Texas.
"Realtor.com, a subsidiary of Rupert Murdoch's News Corp, announced it is relocating its headquarters from Santa Clara to Austin.
The real estate listing site's move comes after companies such as SpaceX, Chevron and Oracle have all made the move from the Golden State.
Texas has waged a charm offensive on companies touting its low taxes and limited regulation.
The Lone Star State has also established new business courts to tackle corporate disputes, a factor that many companies find attractive about incorporating in Delaware.
Realtor.com CEO Damian Eales said he was also attracted by Texas' expanding housing stock, low cost of living and growing talent pool off workers.
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