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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A “silver tsunami” of baby boomers will start downsizing next year and 2025.

The ‘silver tsunami’ is about to hit the housing market—but millennials and Gen Zers may not come out any better in the wash

Blond businesswoman working on computer at office

Millennials and Gen Z say it’s harder to buy a house and get promoted than it was for their parents

By Jane Thier and Sydney Lake

LOS ANGELES, CALIFORNIA – JANUARY 06: Chief Executive Officer of Amazon Jeff Bezos (L) and MacKenzie Bezos attend the SEAN PENN J/P HRO GALA: A Gala Dinner to Benefit J/P Haitian Relief Organization and a Coalition of Disaster Relief Organizations at Milk Studios on January 6, 2018 in Los Angeles, California. (Photo by Greg Doherty/Patrick McMullan via Getty Images)

SoCal housing is so unaffordable that billionaire philanthropist MacKenzie Scott has made yet another multi-million dollar donation to fix the problem

Adam Neumann

WeWork’s $18 billion bankruptcy is the last thing the reeling commercial real-estate sector needed

By Sydney Lake and Alena Botros

Nearly 7% of for-sale homes in the U.S. posted a price drop during the four weeks ending Oct. 29, which is the highest portion since Redfin started tracking this data in 2012.

Personal Finance

The housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’

The typical couple receives 32% more for a honeymoon fund, with an average of $767, compared with a new home fund average of $556, Esther Lee, deputy editor of The Knot, tells Fortune.

Personal Finance

Housing affordability is so strained that 1 in 5 couples ask for down payment cash on their wedding registry. Your friends and family would rather give you cash to go to Mexico

While the midwest is the strongest region, Miami reported the highest average home price of all of these individual markets at more than $422,000.

Home prices in 7 cities just reached all-time highs on the back of a blistering 7-month run for the housing market—and the Midwest is the big winner

By Alicia Adamczyk and Sydney Lake

Photo of a young man looking seriously at a financial statement

Personal Finance

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

Housing's Catch-22

You can either have a high-paying job or an affordable house. Getting both is the housing market Catch-22

Realtor

Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees

By Alena Botros and Sydney Lake

Builders are offering major incentives for buyers otherwise locked out of the housing market.

While some homebuyers pay 8% mortgage rates, others are wrangling steep discounts—and it’s creating a surprising surge in new home sales

Capital Economics expects mortgage rates to stay above 6% through 2025.

The mortgage rate shock hitting the housing market has years left to run, Capital Economics says

A TikTok trend says homeowners can save $80,000-plus with this mortgage hack. But is it too good to be true?

Personal Finance

Influencers want to hack your high mortgage rates for a new car or an extra vacation. ‘This can be a great strategy,’ housing market expert says—but only if you can really budget for it

San Francisco

San Francisco’s housing market is so broken that billionaire philanthropist MacKenzie Scott made 2 major real-estate donations in a month

Winter came early to the housing market as buyers face a frozen, unaffordable market.

The housing winter arrives early as existing-home sales crash to Great Recession levels and the long-feared ‘deep freeze’ sets in