TARA FRANKLIN

Cell - 978.618.9314Office - 508.563.5100Fax - 508.563.5588

Territory Covered: Falmouth

email - Tara.Franklin@raveis.comwebsite - TaraFranklin.raveis.com

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September 19, 2007
William Raveis’ Real Estate and Mortgage Divisions Rise Above the Competition
SHELTON, Conn. — William Raveis, chairman and CEO of William Raveis Real Estate, Mortgage & Insurance, recently announced that the company’s year-to-date closed sales volume is up 10% throughout the state of Connecticut as of mid-August. Based upon data compiled from statewide multiple listing services, Connecticut’s overall closed sales volume is down nearly 3% for the same period.

While other top competitors in Connecticut are reporting a decrease in sales volume, William Raveis Real Estate, Mortgage & Insurance reports positive changes in both sales volume and the number of closed units in comparison to figures from 2006. In Darien, the company’s number of closed units is up 46.7%, and Greenwich posted a remarkable 106.9% increase. According to statewide data, compiled from various multiple listing services, the overall number of closed units is down more than 10% from last year.

In Fairfield County, William Raveis Real Estate leads the competition with a market share of over 15%. The company’s closed sales volume has increased more than 20% since 2006.

“This impressive rise in market share corresponds to our company’s ability to attract exemplary real estate professionals who can identify with our entrepreneurial spirit,” said Raveis. “It can also be attributed to the phenomenal growth of our website, raveis.com, which attracts 4 million visitors annually. We are very proud of this achievement, and look forward to continued growth in 2008.”

In 2007, raveis.com experienced a 29% increase in visits to the site. Referred to as “The Best Website in Real Estate,” raveis.com also experienced a 33% increase in the number of hits over the past year, surpassing 550 million hits.

The William Raveis Mortgage division also reports positive numbers in 2007, despite nationwide news of a liquidity crisis in the mortgage banking business. Out performing the market, the firm’s mortgage division has grown 40% in 2007.

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