Bright white light that moved fairly quickly then turned red and dim until no longer visible NOT ISS

Three people were in the backyard letting dogs out. First person saw a shooting star south east of our location so everyone looked up in the sky and that is when one person pointed out the bright light. We all looked at it and it was so bright we thought it was low. It was a bright white circle and was moving east from the west. It then turned red and dimmed. There was no noise or movement around the object. One observer took college level astronomy and looked to see if the ISS was supposed to be flying over, however he said that was too bright to be the ISS. We then saw a smaller moving light that looked more like the ISS. After checking we learned that was not the direction the ISS was supposed to be moving and then we observed the real international space station. Very clear night with minimal to no clouds.