Stephen Feltner Named President of HomeBuilder.com

    Business Editors

    WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Jan. 12, 2005--Homestore, Inc. (NASDAQ:HOMS) today announced the appointment of Stephen Feltner as president of its HomeBuilder.com(TM) division. HomeBuilder.com is the official new home Web site of the National Association of Home Builders and is operated by Homestore.
    "We are excited to have Stephen Feltner lead our new home business," said Mike Long, chief executive officer of Homestore. "Stephen has a successful track record at Homestore, and has served in many key management roles. His experience and in-depth knowledge of our business will be an important asset in identifying and meeting the needs of our home builder customers."
    Promoted from the position of vice president of media operations, Feltner has been with Homestore since 1999. Prior to joining Homestore, Feltner served as the director of operations at Arch Wireless (formerly PageNet, Inc.), based in Los Angeles, California.
    A graduate of The Anderson School of Management at UCLA, Feltner holds a Master of Business Administration degree.

    ABOUT HOMEBUILDER.COM

    HomeBuilder.com(TM), The First Choice For New Homes(TM), is the official new home site of the National Association of Home Builders. HomeBuilder.com is ranked as the Internet's No. 1 new home site,(a) offering potential home buyers more than 75,000 models, homes and built-to-suit plans for viewing. HomeBuilder.com, operated by Homestore, Inc., provides home building professionals with the most powerful advertising and marketing solutions that present and promote new home builders locally to the largest online audience of potential new home buyers. HomeBuilder.com is the only site able to simultaneously feature its listings of new home communities on AOL, MSN and Yahoo!.

    (a) Source: comScore MediaMetrix, January - November 2004

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CONTACT: Homestore, Inc. Erin K. Campbell, 805-557-2303 erin.campbell@homestore.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION MANAGEMENT CHANGES SOURCE: Homestore, Inc.

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