Redfin shares down nearly 7% on real-estate . We learn today shares of Redfin Corp. RDFN, +2.07% fell nearly 7% late Thursday after real-estate brokerage beat quarterly expectations but forecast slower revenue growth in third quarter. Redfin said it earned $3.2 million, or 4 cents a share, compared with $4.3 million in year-ago period. Revenue increased 36% year-over-year to $142.6 million, compared with $105 million a year ago. Analysts polled by FactSet had expected earnings of 2 cents a share on sales of $139 million.

R;We’re now forecasting slower revenue growth for the third quarter on an unexpected drop in Redfin’s bookings growth in the past , slowing traffic growth in a weakening ,” Executive Glenn Kelman said at a post-results conference call. Redfin called for third-quarter revenue between $137.1 million and $141.3 million. The analysts surveyed by FactSet forecast revenue of $141.5 million.

In a separate press release, Redfin said it deepened its investment in Redfin Now, where the company buys homes directly, expanding the program to a third , Orange County, Calif. Redfin had piloted Redfin Now in ’s Inland Empire in January 17 and expanded it to San Diego in June of last year. Redfin shares ended the regular session up 2.1%.

According to CNBC’s Diana Olick reports that mortgage rates are at the highest level in more than 7 years, , the market is still strong today buy some negative trends are rising and must pay attention to every investor to avoid to lose if the  market fall down in the future. Because after the booming for last decade, some area is becoming saturated special in and the surrounding area.