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What Redfin's CEO Told Wall Street Should Freak Out Bullish Investors

Brian Sozzi

What the real-estate brokerage and website company's CEO Glenn Kelman had to say is a major red flag on the U.S. economy's momentum into the back half of 2018. Said Kelman: "For the first time in years, we are getting reports from managers of some markets that homebuyer demand is waning, especially in some of Redfin's largest markets.