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

“We’re now forecasting slower revenue growth for the third quarter on an unexpected drop in Redfin’s bookings growth in the past three weeks, slowing traffic growth in a weakening real estate market,” Chief Executive Glenn Kelman said 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 directly, expanding the program to a third market, County, Calif. Redfin had piloted Redfin Now in California’s Inland Empire in January 2017 and expanded it to San Diego in June last year. Redfin shares ended the regular session up 2.1%.

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