Eric Gramberg Joins HomeBuilder.com Sales Team

Business Wire, Oct 12, 2005

WESTLAKE VILLAGE, Calif. -- HomeBuilder.com(TM), the official new home Web site of the National Association of Home Builders, has added Eric Gramberg as vice president of sales.

Previously, Gramberg managed all real estate advertising, including new homes, existing homes for sale and rentals, for both the Los Angeles Times and Orange County Register.

Said Stephen Feltner, president of HomeBuilder.com, "With seventy-four percent of home buyers now using the Internet during their home search, it is essential that home builders market themselves online. Eric's 25 years of experience interacting with home builders and developers will be of great value to HomeBuilder.com as we continue to help home building professionals reach the millions of consumers going online to search for real estate."(1)

Gramberg is also actively involved in the Building Industry Association of Southern California and the Sales & Marketing Council of Los Angeles and Ventura.

The First Choice For New Homes(TM), HomeBuilder.com is one of the Internet's leading new home sites, offering consumers a comprehensive directory of home builders, as well as more than 6,500 new home communities and planned developments with 66,000 new and model homes for sale.(2)

As the exclusive new home listing provider for AOL, MSN and Yahoo!, HomeBuilder.com develops advertising and marketing solutions to help home building professionals promote themselves to the largest audience of online consumers. HomeBuilder.com is operated by Homestore, Inc. (NASDAQ:HOMS).

On the Net: www.homebuilder.com.

(1) 2004 National Association of REALTORS(R) Profile of Home Buyers and Sellers

(2) comScore Media Metrix, August 2005