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

“We’re now forecasting slower revenue growth the third quarter based on an unexpected drop in Redfin’s bookings growth in the , slowing growth in a weakening market,” Chief Executive Glenn Kelman said at a - conference . Redfin for third-quarter revenue between $137.1 million $141.3 million. The analysts surveyed by FactSet forecast revenue of $141.5 million.

In a separate , said it has deepened its in Redfin Now, where the homes , expanding the to a third market, , Calif. Redfin had piloted Redfin Now in ’s Inland Empire in January 2017 and expanded it to San Diego in of last year. Redfin shares ended the session up 2.1%.

According to CNBC’s Diana Olick reports that mortgage rates at the highest level in more than 7 years, however, the market is still strong today buy some negative trends rising and must pay attention to every real estate investor to avoid to lose money if the  real estate market fall down in the near future.

Because after the booming for last decade, some area is becoming saturated special in California and the surrounding area.

 

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