In The News

iNest Realty Reaches Another Milestone: 17,000 Homes Sold

Bloomingdale, Ill., March 4, 2008 -- iNest Realty, a subsidiary of RealEstate.com and the leading U.S. real estate brokerage specializing in newly-constructed homes, today announced the company has sold its 17,000th home since opening its doors in 1997.

iNest General Manager Vince Halama said "With our '17,000th home sold' milestone under our belt, we couldn't be more convinced that the connection we make between new home builders and buyers is a great formula. To date, iNest has saved consumers more than $36 million in rebates, with an average rebate per transaction of about $2,159."

Using iNest is easy, informative and pays off for homebuyers looking at new construction. A homebuyer simply starts their new home search on www.iNest.com and begins researching hundreds of communities from across the country. The Web site is filled with community data such as different home styles and floor plans, and local school information and builder backgrounds. Then when they buyer is ready to visit the builder's sales office, they easily and quickly download an exclusive iNest coupon worth one percent cash back on their new home purchase. The cash back bonus is then delivered after closing and is mailed directly to the new homeowner.

Since the company's inception, iNest has assisted buyers in home searches that have led to sales contracts totaling over $3.7 billion. iNest brings homebuyers and builders together by providing a unique directory of builders and new home communities in 30 top home building states. iNest works with more than 1,500 builders across the country representing more than 12,000 communities.

About iNest
iNest is a leading real estate broker specializing in newly-constructed homes. Through its proprietary program, iNest provides consumers with a robust database of new home builders and communities with flexible search options and an expansive network of local field agents to assist home buyers in finding the perfect new home. In addition, iNest offers an exclusive cash bonus program, which allows qualified users to earn one percent back on the purchase of a new home. To date, iNest has served more than 17,000 buyers resulting in more than $36 million in rebates.

Founded in 1997 and headquartered outside Chicago, iNest is part of IAC Financial Services and Real Estate, an operating business of IAC/InterActiveCorp (NASDAQ: IACI).

FOR MORE INFORMATION:
Randy Pickard
iNest Realty Inc
630-529-7500
rpickard@iNest.com