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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Boomer, millennial

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a déjà vu market that is replaying the 1980s

By Will Daniel and Sydney Lake

Artistic rendering of charts going up and down

Homebuyers and sellers: Get ready for mortgage rates at 8% for a long time, top economist says

Depressed home shopper

The housing market is so unaffordable that buyers need to make nearly $115K to afford the average home, Redfin says—that’s $40k more than average earnings

Priscilla Almodovar, Fannie Mae CEO, says the lock-in effect is a "tale of two housing markets" where sellers don't want to let go of their low mortgage rates and prospective buyers can't take on the new 7%-plus rates.

Fannie Mae’s CEO says shopping for a house right now is downright Dickensian: A ‘tale of 2 markets’

A “for sale” sign hangs in front of a home in Miami

The housing market is about to have its slowest year since the real estate bubble burst in 2008, according to National Association of Realtors

LEMONT, ILLINOIS – JUNE 21: A home is under constuction at a housing development on June 21, 2023 in Lemont, Illinois. US housing starts climbed more than 20% last month which has helped lumber futures climb nearly 9% over the same period. According to the National Association of Home Builders, volatile prices of lumber products in recent years have caused the average price of a new single-family home to increase by more than $14,000. (Photo by Scott Olson/Getty Images)

Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now

Office vacancies are so high that it will likely take years for the market to recover.

Prize-winning real-estate economist says the office market won’t improve for years: ‘This is a trainwreck in slow motion’

A sign outside a home for sale in Atlanta

The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’ real estate executive says

Orlando Bloom, Katy Perry

The 1-800 Flowers 84-year-old founder and Katy Perry are in a bizarre real-estate legal dispute over a $15 million mansion

By Chloe Berger and Sydney Lake

Photo courtesy Ali and Josh Lupo

This millennial couple went from being $100K in student loan debt to real estate investors with nearly a dozen apartment rentals valued at $1.35M

Close-up of a row of single family homes in Alexandria, Virginia

Mortgage rates just hit a 22-year high—it’ll continue to be a ‘drag on home sales,’ Realtor.com chief economist says

High-density housing has become popular as the population of Silicon Valley exploded with the dot.com boom, making affordable housing scarce.

House poor is back: ‘the new normal for the foreseeable future’

Photo illustration of office buildings being shredded from the bottom

‘We’re in the first inning of the commercial real estate correction,’ billionaire real estate investor Jeff Greene says

Young woman using laptop while sitting in camper van

Housing affordability is so strained that 2 in 5 Gen Zers say they are working side hustles to save for a down payment

Only 217 office-to-resi conversion projects are in the immediate pipeline for completion, the Deloitte study shows.

There’s a housing shortage and an office glut. So why are there only 217 U.S. office-to-resi conversion projects in the pipeline?