2 Growth Stocks Taking a Hit From the Dwindling Real Estate Market

Technology-driven real estate companies Redfin (NASDAQ: RDFN) and Offerpad Solutions (NYSE: OPAD) just reported their financial results for the second quarter of 2022. Shares in Redfin and Offerpad tumbled more than 89% from their all-time highs. Redfin CEO Glenn Kelman told investors the housing market took a turn for the worse in the second quarter, but the company has been preparing for this since the beginning of 2022.