Domania Corporate Site
Home > Press Releases> Homestore.com Inc. and domania.com Join Forces

Homestore.com Inc. and domania.com Join Forces to Bring Comparable Home Sales data to the #1 Destination Site for Real Estate

Thousand Oaks, CA (October 13, 2000)- Reinforcing its ongoing commitment to provide the ultimate online real estate experience for consumers and to deliver the widest possible exposure for broker listings, Homestore.com, Inc. (Nasdaq: HOMS), the Internet's leading home and real estate network, and domania.com, a leading Internet research center for residential real estate, today announced a multi-year alliance. domania.com will provide comparable home sales information to the more than 1.4 million homes-for-sale listings on Realtor.com®, the official Internet site of the National Association of Realtors®.

The integration is significant, the companies said, because it creates the strongest Internet destination providing two of the most important online research points for consumers: real estate listings and comparable home sales data. Adding comparable data to the suite of tools on Realtor.com®, and thus delivering additional informed consumers to real estate professionals, is part of Homestore.com's strategy to increase the quality of Realtor® leads. Leads generated by the comparable data will be delivered at no cost to agents and brokers. The new feature allows Realtor.com®, committed to keeping the Realtor® in the center of the real estate transaction, to strengthen its competitive position in the marketplace on behalf of the industry. The basic comparable market data can be augmented by the in-depth Competitive Market Analysis performed by real estate professionals.

"Home sales data has quickly escalated in consumer popularity, and Homestore.com is committed to providing homeowners with some of the most valuable home sales and home value information available today," said Steve Ozonian, president of Realtor.com®. "Consumers will now be able to review property listings and then access price history for a particular home, as well as recent sales in the neighborhood. The data gives consumers another reason to stay longer looking at broker listings, and should increase leads delivered to professionals."

"Homestore.com is an important part of domania.com's distribution of market data that saves consumers' time and supports shorter buy-and-sell cycles for real estate professionals," said Steven Kropper, chief executive officer of domania.com. "Aligning with the Web's leader in the online real estate space also provides domania.com an opportunity to further expand its brand to both consumers and professionals alike."

Both domania.com (http://www.domania.com) and Realtor.com® (http://www.realtor.com) were recently named to the "Best of the Web: The Top Financial Web Sites" by the editors of "Money" magazine.

About Homestore.com, Inc.

Homestore.com, Inc.'s family of Web sites includes the Homestore.com(tm), Realtor.com®, HomeBuilder.com(tm), SpringStreet.com(tm) and HomeFair.com(tm) Web sites. Consumers can view over 1.4 million new and existing homes for sale and find broker and agent services on Realtor.com®, the official Internet site of the National Association of Realtors®. Consumers searching for new homes can find more than 130,000 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 SpringStreet.com(tm). Comprehensive moving and relocation information on the Internet is available from HomeFair.com(tm). In addition, Homestore.com's remodeling area covers home improvement needs for both consumers and remodeling professionals. Homestore.com(tm) also has content distribution relationships with America Online; Excite @Home; Netscape and Go Network/Infoseek.

About domania.com, Inc.

domania.com, Inc. powers real estate research on the Internet, giving consumers information to help them save time and money in the real estate process and to support lifetime management of their largest assets - their homes. The company operates a leading real estate Web site (http://www.domania.com) and distributes a popular comparable home sales search engine across the Web through leading properties including MarketWatch.com, Inc., Yahoo! Real Estate, America Online, Motley Fool and Dow Jones. domania.com creates strong and informed relationships among consumers and the home services and real estate professionals who serve them. Closely-held domania.com is an investment of CMGI @Ventures, the venture capital affiliate of CMGI.

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.


  Business
   Lender Services
   For Real Estate Agents
   Contact Sales

  Company
   Company Info
   Customer Service
   Careers
   Clients
   Contact Us
   Directions

  Press
   Polls
   Press Releases
   In the News
 
 
 
 
 



     
© 1998-2006 LendingTree, LLC.
  We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

© 1998 - 2008 Domania.com, a service of LendingTree, LLC. All Rights Reserved. This site is directed at, and made available to, persons in the continental U.S., Alaska and Hawaii only. LendingTree technology and processes are patented under US Patent Nos. 6,385,594 and 6,611,816.


REALTOR® - A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

Find Houses for Sale or real estate agents at Real Estate.com.

PARTNER SITES
Tree | HomeConnections | ImproveNet | iNest | RealEstate
Expedia | Hotels | Hotwire | GetSmart | Home Loan Center | LendingTree