First National Brokerage to Provide Foreclosed Home Listings With Detailed Information for Buyers

EMERYVILLE, CA -- (Marketwire) -- 08/08/08 -- ZipRealty (www.ziprealty.com) (NASDAQ: ZIPR) today announced it is the first national residential real estate brokerage to offer foreclosure home data that is compared against local Multiple Listing Services to omit inaccurate and outdated listings. All foreclosures listed on ZipRealty.com include the same detailed property information, including photos that the Company publishes for other MLS-listed properties.

Homebuyers can now search for foreclosed homes, or omit these homes from their searches. Foreclosure listings are available in more than 30 major metropolitan areas on ZipRealty's Web site. The Company is the nation's largest online-based, full-service real estate brokerage.

"It's tough to turn on the radio or the television these days without hearing someone hawking 'foreclosure bargains,' but more often than not, these lists are outdated or inaccurate, including homes where the owner might have simply missed a few payments or that are already under contract," explains ZipRealty president and CEO Patrick Lashinsky. "We wanted to make sure that the data we offer interested buyers matches what's actually available and has as much information as they need to decide whether it's a consideration in their home search process."

About ZipRealty, Inc.

ZipRealty is a full-service residential real estate brokerage firm. The Company utilizes its user-friendly Web site and employee real estate agents to provide homebuyers and sellers with high-quality service and value. ZipRealty's Web site provides users with access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform help to reduce costs, allowing the Company to pass on significant savings to consumers. Founded in 1999, the company operates in 35 major markets in 20 states and the District of Columbia. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP.