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Homestore.com, Inc. Maintains Traffic Leadership Position In OnLine Real Estate Business
PR Newswire - January 19, 2000 09:18
Homestore.com's Family of Web Sites Boasts Over Two Million Unique Users in November
THOUSAND OAKS, Calif., Jan. 19 /PRNewswire/ -- Homestore.com, Inc. (Nasdaq: HOMS), the leading network for home and real estate related information on the Internet, today released market data showing Homestore.com's(TM) family of web sites outpacing its online competitors in all significant categories. Media Metrix, the leading Internet measurement authority, confirmed that Homestore.com(TM) logged 2,241,000 unique users during November, over 1.5 times larger than its closest online rival, Microsoft's HomeAdvisor(TM).
Homestore.com(TM), the largest and most comprehensive web site devoted to content and commerce for the home through its family of web sites, which include REALTOR.com(R), HomeBuilder.com(TM), SpringStreet.com(TM), and HomeFair.com(TM), continues to lead with impressive traffic numbers. According to Media Metrix, SpringStreet.com(TM), a web site catering to rental consumers with over 6 million rental units listed in more than 6,000 cities, has seen a 49.6% rise in traffic since October. The same report shows REALTOR.com(R) currently ranked the 237th largest site measured by Media Metrix, based on the number of unique users and 5th among the top 250 sites based on average minutes per visit. Among the top 250 sites measured by Media Metrix, only the eBay, Uproar, E*TRADE and Gamesville sites are ranked higher in the minutes per visit category.
"The secret to Homestore.com's success in attracting a significant traffic advantage stems from our constant focus on the consumer," states Stuart Wolff, chairman and chief executive officer of Homestore.com(TM). "Our goal is to be the definitive source for home related information on the web, whether it's for buying, selling, renting, building, moving, remodeling, decorating or shopping."
About Homestore.com, Inc.
Homestore.com, Inc. (Nasdaq: HOMS) is the Internet's leading provider for home and real estate information including properties for sale or rent, decorating, moving, financing, remodeling, home technology and shopping. Consumers can view over 1.3 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 125,000 models, new homes and built to suit plans from over 15,000 builders on HomeBuilder.com(TM), the official new homes site of the National Association of Home Builders. Consumers interested in renting an apartment will find over 6 million rental units in more than 6,000 cities on SpringStreet.com(TM). Homestore.com's(TM) remodeling area covers home improvement needs for both consumers and remodeling professionals. Comprehensive moving and relocation information on the Internet is available from HomeFair.com(TM). With over 2 million unique visitors, the Homestore.com(TM) family of web sites is the Internet's most visited home and real estate network and has content distribution relationships with America Online, Excite@Home, iWon.com, and Go Network/Infoseek.
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 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 August 4, 1999 (www.sec.gov sec.gov ).
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