MarketWatch First Take: Redfin saw signs of real estate slowdown in August

Newly public online real-estate company Redfin Inc. told investors in its first earnings call that it saw some signs of potential slowing in the hot U.S. real-estate market in the last two weeks of August, but top executives said it is too early to tell whether the signals were just a typical summer slowdown or signs of a broader trend.

“The market always gets funky around then,” said Chief Executive Glenn Kelman. “You want to separate that from ‘is the market shifting?’ The sentiment is that the market is shifting, but that anecdote has not been fully corroborated by the data.

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