Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Elevation Partners, L.P.
   2. Issuer Name and Ticker or Trading Symbol
HOMESTORE INC [HOMS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2800 SAND HILL ROAD, SUITE 160, 		 3. Date of Earliest Transaction (Month/Day/Year)
06/15/2006
(Street)

MENLO PARK, CA 94025		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Convertible Participating Preferred Stock (1) (2) $ 4.2 (3) 06/15/2006   J(4)   885.21   06/15/2006 11/29/2012(5) Common Stock, par value $0.001 per share 210,763 (6) $ 0 (4) 102,051.78 D (7)  
Series B Convertible Participating Preferred Stock (1) (2) $ 4.2 (3) 06/15/2006   J(4)   0.19   06/15/2006 11/29/2012(5) Common Stock, par value $0.001 per share 46 (6) $ 0 (4) 22.46 I See footnote (8)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Elevation Partners, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Elevation Associates, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Elevation Associates, LLC
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Elevation Employee Side Fund, LLC
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Elevation Management, LLC
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Bodnick Marc
C/O ELEVATION PARTNERS, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
Hewson Paul
C/O ELEVATION PARTNERS, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
PEARLMAN BRET D
C/O ELEVATION PARTNERS, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    
RICCITIELLO JOHN
C/O ELEVATION PARTNERS, L.P.
2800 SAND HILL ROAD, SUITE 160
MENLO PARK, CA 94025		     X    

Signatures

 /s/ Tracy Hogan, as attorney-in-fact for Reporting Persons pursuant to Power of Attorney (see signatures of other Reporting Persons on the attached Exhibit 99.1)   06/19/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Footnote 1 on attached Exhibit 99.2
(2) See Footnote 2 on attached Exhibit 99.2
(3) See Footnote 3 on attached Exhibit 99.2
(4) See Footnote 4 on attached Exhibit 99.2
(5) See Footnote 5 on attached Exhibit 99.2
(6) See Footnote 6 on attached Exhibit 99.2
(7) See Footnote 7 on attached Exhibit 99.2
(8) See Footnote 8 on attached Exhibit 99.2
 
Remarks:
Exhibit List
24.1 Power of Attorney (incorporated by reference to Exhibit 2 of the Schedule 13D filed by the Reporting Persons on December 9, 2005)

99.1
Joint Filer Information

99.2 Footnotes to Form 4

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