Bloomberg | By Charlie Wells

What was supposed to be a year of clarity for the property market has instead given way to fresh uncertainty.

Stubbornly high mortgage rates are keeping buyers out of the house hunt. Potential sellers are staying put. Commercial property valuations, on the other hand, are still depressed amidst disagreements over the value of everything from office buildings to warehouse space.

Expectations were that September’s jumbo rate cut would shake the market loose, but no boom has emerged and mortgage rates have remained elevated. The election of Donald Trump brought mixed signals. Some in the real estate industry welcome his promises of deregulation and his real-estate background, while others fear the effects of an “America-first” policy on property — tariffs and an immigration crackdown — could lift costs for materials and labor. And all of that may feed through to rates.

Hoya Capital

David Auerbach, Chief Investment Officer of Hoya Capital, joins Bloomberg TV to discuss the state of the U.S. REIT industry and the broader outlook for commercial real estate.

Bloomberg | By Alix Steel and Paul Sweeney

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, discusses ASML lowering lowering guidance for 2025. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses U.S bank earnings. George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, talks about Boeing planning to raise as much as $25 billion to boost liquidity. Dan Pickering, Chief Investment Officer at Pickering Energy Partners, discusses the latest on the energy sector. David Auerbach, Chief Investment Officer at Hoya Capital, discusses the state of commercial real estate. Oliver Crook, Bloomberg Europe Correspondent, discusses the Bloomberg Big Take story: VW and Mercedes Are Getting Left in the Dust by China’s EVs Hosts: Paul Sweeney and Alix Steel