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Photo of Sydney Lake
Sydney Lake
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Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk covering generational dynamics, billionaire philanthropy, housing, real estate, luxury, and wealth. Before joining Fortune, Sydney served as the assistant editor of Virginia Business magazine and worked 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.
Housing market
FinanceThe brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in
By Alena Botros and Sydney LakeJanuary 8, 2024
Office buildings
FinanceCommercial real estate has a ‘muted’ outlook after a near-death experience in 2023, Moody’s economist says—and ‘office will continue to face the most strain’
By Sydney LakeJanuary 4, 2024
Jonathan Miller speaking
FinanceThe dean of NYC’s housing market dissects a puzzle: Manhattan’s record-high number of all-cash home sales. He sees good news ahead on mortgage rates
By Sydney LakeJanuary 3, 2024
Man walking past a New York building with a sign that says Townhouse for sale.
Finance2023 was a dud for New York City real estate—‘even for rich people.’ This year isn’t shaping up to be much better, Coldwell Banker office says
By Sydney LakeJanuary 3, 2024
Selling Sunset star Emma Hernan is optimistic about the luxury real estate market for 2024.
FinanceThe mansion tax was a ‘nightmare’ for luxury Los Angeles real estate this year, ‘Selling Sunset’ star says. But 2024 could be a ‘sweet spot’ for buyers
By Sydney LakeDecember 29, 2023
It doesn’t seem to matter how badly younger generations want to buy a house—there are too many barriers for many of them to break into the housing market.
FinanceMillennials, don’t hold your breath: 2024 probably won’t be your year to break into the housing market, either
By Sydney LakeDecember 27, 2023
Some experts project that downsizing boomers will bring extra inventory to the market starting next year.
FinanceTides have changed: Housing market experts split on whether the ‘silver tsunami’ of baby boomer downsizing will begin in 2024
By Sydney LakeDecember 26, 2023
Current market conditions bring to mind nothing like an unwelcome visit of a “housing market of Christmas past.”
FinanceHomebuyers are being haunted like Scrooge this holiday season as Fortune 500 chief economist sees ‘housing market of Christmas past’ settling in for 2024
By Sydney LakeDecember 23, 2023
Young couple in front of a home under construction look at floor plans
FinanceEven a burst in new home construction isn’t enough to solve the nation’s housing crisis
By Alena Botros and Sydney LakeDecember 19, 2023
A young couple entering a home that’s for sale
FinanceThe frozen housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands
By Sydney LakeDecember 15, 2023
Woman looking out a window at buildings under construction
FinanceThe commercial real estate market will get better for investors who are ‘willing to take the long view,’ PwC says
By Sydney LakeDecember 14, 2023
Refinancing is making its comeback as mortgage rates drop to 7%.
FinanceHomeowners, get ready to date the rate. Refinancing is making its comeback as mortgage rates drop to 7%
By Sydney LakeDecember 13, 2023
New homeowners are getting hit already with negative equity.
FinanceSome homeowners who managed to buy last year are bleeding money—the worst-hit have lost more than $100,000 in value as price corrections “pummel” dozens of cities
By Sydney LakeDecember 12, 2023
Capital Economics predicts a continued drop in mortgage rates and an uptick in mortgage applications.
FinanceIt’s ‘extremely likely’ we’ve seen mortgage rates peak, Capital Economics says, and mortgage demand is starting to recover
By Sydney LakeDecember 6, 2023
Despite its importance, homeownership is ever further out of reach, especially for older millennials (aged 35-45) who face a “bigger financial burden."
FinanceMillennials are the most housing-obsessed generation, BofA survey shows—it’s a sign the prosperity of the boomers has bypassed them
By Sydney LakeDecember 4, 2023
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