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- Redfin stock plunged as much as 24% Friday following a downbeat earnings report.
- Second-quarter revenue dropped 21% compared to 2022.
- "Sales volume is near rock bottom," CEO Glenn Kelman told analysts on Thursday.
Redfin stock plunged Friday as the housing market slump hit the real estate company's second-quarter earnings.
Shares fell as much as 24% following the earnings release on Thursday. Before midday in New York, the stock changed hands at about $11.21, down 22%.