Homestore.com, Inc., Operator of Realtor.com(R), Challenges Microsoft Traffic Numbers

Homestore.com Reaffirms Clear Traffic Leadership Position in All Major Home

And Real Estate Categories



Apr 16, 2001, 01:00 ET from Homestore.com, Inc.

    WESTLAKE VILLAGE, Calif., April 16 /PRNewswire/ -- Homestore.com, Inc.
 (Nasdaq:   HOMS), the leading supplier of media and technology solutions to the
 home and real estate industries, challenged published claims made by Microsoft
 Corp. in relation to Internet traffic to their home and real estate web site.
 Homestore provided several documented examples of practices by Microsoft Corp.
 that Homestore believes are misleading.  Homestore also provided data from
 both third party ratings services Nielsen/NetRatings and Media Metrix that
 show Homestore.com maintains a strong leadership position in all four major
 home and real estate categories:  1) overall home and real estate network --
 Homestore.com, 2) home sales -- Realtor.com, 3) rentals -- Springstreet.com,
 and 4) new home developments -- Homebuilder.com.
     Documented examples of practices that Homestore believes are misleading
 include the mapping and attribution of 'non home and real estate specific'
 pages from MSN into the 'home and real estate' Microsoft HomeAdvisor web site
 by including the word "HomeAdvisor" in urls unrelated to the HomeAdvisor site.
 Examples include: (1) when a user clicks on "Classifieds" from the MSN
 homepage, that user is taken to a general page on classifieds that includes
 everything from personals to automobiles, yet that user is counted as a 'home
 and real estate' HomeAdvisor unique user; and (2) when users use the 'search'
 or 'imagery' functionality on Terraserver.com, Microsoft's satellite picture
 site, they are also counted as a 'home and real estate' HomeAdvisor unique
 user.  As a result, Homestore believes that the unique user count, length of
 visit and total minutes of users on the Microsoft home and real estate
 website, HomeAdvisor.com, are overstated.
     "Real estate professionals are relying on this data to make important
 business decisions," said Stuart Wolff, chairman and CEO of Homestore.com.
 "Obviously it's important that the data be presented fairly and accurately."
 Homestore.com operates Realtor.com(R), the official site of the National
 Association of Realtors(R), and the nation's most popular Web site for home
 buyers.
     Data released last week by both Nielsen/NetRatings and Media Metrix show
 that Homestore.com and its family of web sites clearly leads in all four major
 home and real estate categories including:
 
                                               Unique Users (MM)/Minutes (MM)
                                             Nielsen/NetRatings   Media Metrix
 
     Overall House and Home :      Homestore.com        9.3/235     7.1/142
     Pure Home Sales :             Realtor.com          4.9/172     3.3/88.7
     Pure Rental  :                Springstreet.com     1.7/11.0*   1.6/16.2**
     Pure New Home Developments :  Homebuilder.com      0.6/3.7     0.4/3.7
 
     *Excludes Rent.net in rollup
     **Includes Rent.net in rollup
 
     About Homestore.com, Inc.
     Homestore.com, Inc. (Nasdaq:   HOMS) is the leading supplier of online media
 and technology solutions to the home and real estate industries, serving both
 consumers and professionals.  Homestore.com, Inc.'s family of Web sites
 includes the Homestore.com(TM), REALTOR.com(R), HomeBuilder.com(TM),
 Homestore.com(TM) Apartments & Rentals, and HomeFair.com(TM) Web sites.
 Homestore.com(TM) features the widest-range of home and real estate related
 information on topics including finance and insurance, home improvement,
 decor, lawn and garden, and home electronics, among others.  Consumers can
 view over 1.4 million new and existing homes for sale and find broker and
 agent services on REALTOR.com(R), the official Internet site of the National
 Association of REALTORS(R).  Consumers searching for new homes can find more
 than 120,000 models, new homes and built-to-suit plans on HomeBuilder.com(TM),
 the official new homes site of the National Association of Home Builders.
 Consumers interested in renting an apartment will find listing information
 from more than 45,000 properties in more than 6,000 cities on
 Homestore.com(TM) Apartments & Rentals.  Comprehensive moving and relocation
 information on the Internet is available from HomeFair.com(TM).
 Homestore.com(TM) content is also available through distribution relationships
 with America Online, Excite @Home and Netscape. Technology subsidiaries of
 Homestore.com, Inc. include WyldFyre Technologies, the leading developer of
 software used to access multiple listing service data and property photos; Top
 Producer Systems, North America's #1- selling provider of leads management and
 marketing software for real estate professionals; and The Hessel Group, the
 provider of technology-driven solutions and services to the relocation
 industry.
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934, and is subject to the safe harbors created by
 those sections.  Actual results, including but not limited to usage of the
 Homestore.com sites, may differ materially.  The matters discussed in this
 press release also involve risks and uncertainties described from time to time
 in Homestore.com, Inc.'s filings with the Securities and Exchange Commission
 (SEC).  In particular, see "Risk Factors" in the Final Prospectus included in
 the Company's Registration Statement on Form S-1 declared effective by the SEC
 on January 26, 2000 and also see the Company's Annual Report on Form 10-K for
 the year ended December 31, 1999 filed with the SEC (http://www.sec.gov).  We
 assume no duty to update this information in this press release if any
 forward-looking statement later turns out to be inaccurate.
 
 

SOURCE Homestore.com, Inc.
    WESTLAKE VILLAGE, Calif., April 16 /PRNewswire/ -- Homestore.com, Inc.
 (Nasdaq:   HOMS), the leading supplier of media and technology solutions to the
 home and real estate industries, challenged published claims made by Microsoft
 Corp. in relation to Internet traffic to their home and real estate web site.
 Homestore provided several documented examples of practices by Microsoft Corp.
 that Homestore believes are misleading.  Homestore also provided data from
 both third party ratings services Nielsen/NetRatings and Media Metrix that
 show Homestore.com maintains a strong leadership position in all four major
 home and real estate categories:  1) overall home and real estate network --
 Homestore.com, 2) home sales -- Realtor.com, 3) rentals -- Springstreet.com,
 and 4) new home developments -- Homebuilder.com.
     Documented examples of practices that Homestore believes are misleading
 include the mapping and attribution of 'non home and real estate specific'
 pages from MSN into the 'home and real estate' Microsoft HomeAdvisor web site
 by including the word "HomeAdvisor" in urls unrelated to the HomeAdvisor site.
 Examples include: (1) when a user clicks on "Classifieds" from the MSN
 homepage, that user is taken to a general page on classifieds that includes
 everything from personals to automobiles, yet that user is counted as a 'home
 and real estate' HomeAdvisor unique user; and (2) when users use the 'search'
 or 'imagery' functionality on Terraserver.com, Microsoft's satellite picture
 site, they are also counted as a 'home and real estate' HomeAdvisor unique
 user.  As a result, Homestore believes that the unique user count, length of
 visit and total minutes of users on the Microsoft home and real estate
 website, HomeAdvisor.com, are overstated.
     "Real estate professionals are relying on this data to make important
 business decisions," said Stuart Wolff, chairman and CEO of Homestore.com.
 "Obviously it's important that the data be presented fairly and accurately."
 Homestore.com operates Realtor.com(R), the official site of the National
 Association of Realtors(R), and the nation's most popular Web site for home
 buyers.
     Data released last week by both Nielsen/NetRatings and Media Metrix show
 that Homestore.com and its family of web sites clearly leads in all four major
 home and real estate categories including:
 
                                               Unique Users (MM)/Minutes (MM)
                                             Nielsen/NetRatings   Media Metrix
 
     Overall House and Home :      Homestore.com        9.3/235     7.1/142
     Pure Home Sales :             Realtor.com          4.9/172     3.3/88.7
     Pure Rental  :                Springstreet.com     1.7/11.0*   1.6/16.2**
     Pure New Home Developments :  Homebuilder.com      0.6/3.7     0.4/3.7
 
     *Excludes Rent.net in rollup
     **Includes Rent.net in rollup
 
     About Homestore.com, Inc.
     Homestore.com, Inc. (Nasdaq:   HOMS) is the leading supplier of online media
 and technology solutions to the home and real estate industries, serving both
 consumers and professionals.  Homestore.com, Inc.'s family of Web sites
 includes the Homestore.com(TM), REALTOR.com(R), HomeBuilder.com(TM),
 Homestore.com(TM) Apartments & Rentals, and HomeFair.com(TM) Web sites.
 Homestore.com(TM) features the widest-range of home and real estate related
 information on topics including finance and insurance, home improvement,
 decor, lawn and garden, and home electronics, among others.  Consumers can
 view over 1.4 million new and existing homes for sale and find broker and
 agent services on REALTOR.com(R), the official Internet site of the National
 Association of REALTORS(R).  Consumers searching for new homes can find more
 than 120,000 models, new homes and built-to-suit plans on HomeBuilder.com(TM),
 the official new homes site of the National Association of Home Builders.
 Consumers interested in renting an apartment will find listing information
 from more than 45,000 properties in more than 6,000 cities on
 Homestore.com(TM) Apartments & Rentals.  Comprehensive moving and relocation
 information on the Internet is available from HomeFair.com(TM).
 Homestore.com(TM) content is also available through distribution relationships
 with America Online, Excite @Home and Netscape. Technology subsidiaries of
 Homestore.com, Inc. include WyldFyre Technologies, the leading developer of
 software used to access multiple listing service data and property photos; Top
 Producer Systems, North America's #1- selling provider of leads management and
 marketing software for real estate professionals; and The Hessel Group, the
 provider of technology-driven solutions and services to the relocation
 industry.
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934, and is subject to the safe harbors created by
 those sections.  Actual results, including but not limited to usage of the
 Homestore.com sites, may differ materially.  The matters discussed in this
 press release also involve risks and uncertainties described from time to time
 in Homestore.com, Inc.'s filings with the Securities and Exchange Commission
 (SEC).  In particular, see "Risk Factors" in the Final Prospectus included in
 the Company's Registration Statement on Form S-1 declared effective by the SEC
 on January 26, 2000 and also see the Company's Annual Report on Form 10-K for
 the year ended December 31, 1999 filed with the SEC (http://www.sec.gov).  We
 assume no duty to update this information in this press release if any
 forward-looking statement later turns out to be inaccurate.
 
 SOURCE  Homestore.com, Inc.