We heard that, you know, Zillow and Open Door, they kind of messed up the algorithm and they

overpaid for a lot of the property that they were flipping, right?

And yet we didn't see that inventory find its way onto the MLS where the regular retail

home buyer could have just come in and made them a lower offer and got into a good deal.

No, what happened?

They sold tranches and packages of those properties off to other private equity companies.

I'm Chris Hill and that's Jamile Damjee, co-founder of a real estate investment company called

Kigley.

He's also the star of A&E's reality series Triple Digit Flip.

Deedra Woolard caught up with Damjee to get a look at real estate from a wholesalers'

point of view.

They discussed how private equity groups changed home buying if high cancellation rates are

here to stay and the short-term challenge and a long-term tailwind for home builders.

The thing that I'm seeing the most is people trying to call the bottom.

We've had some good numbers so everybody is trying to figure out is this the bottom,

is are we already on the rebound?

What are you looking at when it comes to trying to figure out where that bottom is?

That's a great question and for me the most key metrics, the most important metrics

that I'm paying attention to are pendings.

Days on market and pendings really give you the temperature of the market.

Days on market, oddly enough, really never spiked to a crazy level even when interest

rates started to really escalate and we saw the market come to a standstill.

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