Sydney Lake

Sydney Lake

Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk. At Fortune, she previously wrote about real estate, housing, and higher education. Before joining Fortune, Sydney served as the assistant editor of Virginia Business magazine and interned on the production desk at CQ Roll Call. She earned her bachelor’s degree in journalism and leadership studies from the University of Richmond and her master's degree in digital media management from the University of Southern California.

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CAPE COD, CHATHAM, MASSACHUSETTS, UNITED STATES – 2019/09/02: Beach house during pending storm, Cape Cod,. (Photo by John Greim/LightRocket via Getty Images)

Cape Cod is considering taxing luxury home sales of $2+ million to raise funds for the housing market’s ‘missing middle’

Two smiling young women enjoying donuts while taking a selfie with a smartphone in a vibrant park, surrounded by colorful autumn foliage and the beauty of nature

Personal Finance

Gen Z spends hundreds a month on ‘treat culture,’ justifying it with the challenges of daily life

Boyle Heights, CA – February 08: Aerial view of the new Boyle Heights Tiny Home Village, following a ribbon-cutting ceremony by LA Councilman Kevin de León. The project sits on a city-owned lot and marks the third Tiny Home Village in Council District 14. A number of mariachis who became homeless because of the pandemic will be among those living at the village. Photo taken in Boyle Heights Thursday, Feb. 8, 2024. (Allen J. Schaben / Los Angeles Times via Getty Images)

Housing shrinkflation is here to stay. New homes are 11% smaller but 74% more expensive than a decade ago

Alex Bates is the founder and CEO of HelloSky.

Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball’ approach for uncovering hidden AI geniuses in the new era

A customer walks towards the entrance of a Brinker International Inc. Chili’s Grill & Bar restaurant in San Antonio, Texas, U.S., on Monday, May 7, 2018. With commodity prices beginning to creep up for certain foods, grocery stores may have to raise prices. That would make it seem relatively cheaper to dine out at places like Chilis or Maggiano’s, said Brinker International Inc. CEO Wyman Roberts. Photographer: Callaghan O’Hare/Bloomberg via Getty Images

Chili’s has poured $105 million into its marketing budget in just 3 years—and sales are sizzling

Aerial view of a city suburb after a snowfall.

Even a 1% mortgage rate drop could be enough to ‘unlock’ the frozen housing market, Oxford Economics says

Workers build the frame of a new house in Washington State

The price premium on new-construction homes is dissolving. New-home prices dropped in 30% of large U.S. cities last quarter

Aerial view of a residential area in Beverly Hills, California, featuring iconic palm trees. The scene includes single-family homes and manicured landscapes. In the background, high-rise buildings are visible under clear blue skies, typical for the Los Angeles metropolitan area.

Oakley’s billionaire founder is the latest victim of the sluggish luxury housing market—but the profit he could still make shows an underlying problem

Rendering of the upcoming Salato Pompano Beach, a 40-residence ultra-luxury oceanfront condo project in Florida.

The ultra-wealthy expect hotel-level amenities for their homes—and developers are racing to keep up

Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Gadgets, robots and vehicles imbued with artificial intelligence will once again vie for attention at the Consumer Electronics Show, as vendors behind the scenes will seek ways to deal with tariffs threatened by US President-elect Donald Trump. The annual Consumer Electronics Show (CES) opens formally in Las Vegas on January 7, 2025, but preceding days are packed with product announcements.

How Nvidia’s billionaire CEO went from Denny’s dishwasher to leading a company with a $4.3 trillion market cap

Overhead shot of houses in Oakwood, Ohio

Gen Zers are flocking to these Midwest housing markets where homes are about 30% cheaper than the coasts

The row of traditional Victorian style townhouses in San Francisco, known as the Painted Ladies, photographed in the blue hour after sunset, with the lights of the city on the horizon.

Not even a 0% mortgage rate would make buying a house affordable in these 6 U.S. cities

Aerial view directly above established houses in older Adelaide southern suburb: looking down on front & back yards some landscaped, one with construction work. Yellow & red topped wheeled garbage (rubbish) bins are parked on kerbside awaiting collection. Powerlines run down the street for the houses. Cars parked on the street and in private properties.

Warren Buffett’s Berkshire Hathaway and Zillow say mortgage rates can’t fall enough for Americans to afford a home

The “Breakthrough” superyacht.

Bill Gates’ $645 million superyacht—the first ever to be powered by hydrogen—is for sale. A yachtie calls it ‘a modern engineering marvel, period’

A worried young Caucasian woman, organizing home finances, during inflation time

The mortgage rate decline it would take to make an average home affordable is ‘unrealistic,’ Zillow says