Homestore.com Begins Working With Two Leading Operators to Integrate Additional Virtual Tour Technology into Realtor.com®

Westlake Village, CA - April 30, 2001 - Homestore.com, Inc. (Nasdaq: HOMS), today announced that it will launch a new program to allow professionals to post virtual tours from multiple tour operators on award-winning Realtor.com®, the official site of the National Association of Realtors®. As a first step, Homestore.com has agreed to work with two leading virtual tour providers, ImageMaker360, a division of Access Technologies, and VideoHomeTours.com on a test basis, to offer more imaging options to the industry, benefiting both real estate professionals and their customers.

The goal of Homestore.com's program is for agents to be able to enhance their listings with the tour technology of their choice, thereby helping to attract more viewers to their online property offerings. Just as Realtors® draw attention to their listing in a newspaper by adding a picture, as planned, this program would enable professionals to improve their online listing with a 3600 virtual tour - an online open house. More importantly, because of the immense number of viewers visiting Realtor.com®, digital imaging on a listing could help agents and brokers generate leads and market and sell more properties.

Over the coming months, Homestore.com will begin to accept virtual tours from qualified technology providers for display on Realtor.com®. By doing so, the company will host and display virtual tours submitted by a variety of virtual tour providers to its family of Web sites, fulfilling its commitment to ensure a continued high-level quality experience for the consumer and consistency across the professional's own site - Realtor.com®. To catch a consumer's eye, virtual tours will be promoted on Realtor.com® through ads in the form of an icon on the listing and capabilities that allow the consumer to select tour-enhanced properties. In addition, through Realtor.com's® i-LEAD™ Web site product, customers will have a tool to facilitate adding images and posting tours on their i-LEAD™ pages, as well as new opportunities for attracting consumers through the virtual tour. Homestore.com will charge a service fee to process, host, display and distribute virtual tours on Realtor.com®.

"We're committed to helping professionals accelerate the growth of virtual tours across the Internet to better serve the millions of consumers viewing properties online," stated Steve Ozonian, president of Realtor.com®. "Virtual tours deliver a more informed and interested home buyer to our customers. It's a picture perfect solution for Realtors®."

During the test period, Homestore.com will collaborate closely with operators - including ImageMaker360 and VideoHomeTours.com -- to develop the functionality and quality guidelines for accepting other technologies into Homestore.com's family of Web sites and begin integrating other technologies over the next 90 days. Homestore.com's initiative will offer the professional clients of ImageMaker360 and VideoHomeTours.com from some of the top brokerage firms the option to display their tours on Realtor.com®. During this initial period, Homestore.com will also evaluate other providers who offer virtual tour services to the real estate market.

"We use a variety of technologies to create virtual tours and our customers have overwhelmingly been requesting that those tours be placed on Realtor.com. I look forward to telling our clients that we will assist them in having an easy and reliable way to enhance their listings with virtual tours on the number one real estate site in the nation," said Brian Balduf, chief executive officer of VideoHomeTours.com.

"We look forward to working with Realtor.com on this issue. I believe their initiative is good for both professionals and consumers and that they are committed to a solution that balances choice with their desire to maintain a high quality site for the industry," stated Sarah Morgan, vice president, ImageMaker360.

Consumer-friendly virtual tours and still photography services are some of the most popular marketing tools for the purchase, sale, rent, or lease of real estate on the Internet. Realtor.com® is the most popular online real estate site in the nation, attracting millions of unique users to the largest listing base of real estate property ever created for consumers and professionals. Since acquiring real estate assets from iPIX in January, Homestore.com has launched its own virtual tour product - HomeTour3600 -- and continues to work with iPIX and global imaging giant Kodak to enhance the professional's ability to capture, process, edit and post tours on online property listings. Over the coming months these alliances will help in the development of next generation virtual tour solutions as well as improve the quality of the end product for both professionals and consumers.

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™, REALTOR.com®, HomeBuilder.com™, SpringStreet.com™ and HomeFair.com™ Web sites. Homestore.com™ features the widest-range of home and real estate related information on topics including finance and insurance, home improvement, décor, 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®, the official Internet site of the National Association of REALTORS®. Consumers searching for new homes can find more than 120,000 models, new homes and built-to-suit plans on HomeBuilder.com™, 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™. Comprehensive moving and relocation information on the Internet is available from HomeFair.com™. Homestore.com™ 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.

ABOUT VIDEOHOMETOURS.COM
VideoHomeTours.com is part of the Interactive Video Marketing Services (IVMS) family of companies. Founded in 1998, VideoHomeTours.com is headquartered in Chicago, Illinois and is the premier provider of visual marketing services for large real estate brokerage firms, builders, property managers and many other real estate related organizations around the United States. VideoHomeTours.com provides an end-to-end, turnkey solution including the acquisition, production, distribution and management of visual and broadband content. VideoHomeTours.com technology platform (VCMP) supports services including video tours, virtual tours, digital imaging, video profiles, community video profiles and numerous other visual marketing services and technologies.

ABOUT IMAGEMAKER360
ImageMaker360 is a division of Access Technology Services, Inc, a leading provider of technology solutions for the real estate industry, headquartered in Boca Raton, FL. Launched in the spring of 2000, ImageMaker360 has established itself as an innovator in the virtual tour industry, providing co-branded virtual tour programs to real estate brokers and sales associates. Utilizing a patented technology in combination with its proprietary web-based order coordination and management system, ImageMaker360 has streamlined the entire virtual tour process from initial order to delivery. ImageMaker360 has expanded its services to major metropolitan areas in the US and Canada offering its integrated, customizable program to meet the specific needs of real estate professionals and professional photographers. (www.imagemaker360.com)

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.