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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's Catch-22
FinanceYou can either have a high-paying job or an affordable house. Getting both is the housing market Catch-22
By Sydney LakeNovember 1, 2023
Photo of a young man looking seriously at a financial statement
Personal FinanceHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward
By Sydney LakeNovember 1, 2023
Realtor
FinanceReal-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees
By Alena Botros and Sydney LakeOctober 31, 2023
Builders are offering major incentives for buyers otherwise locked out of the housing market.
FinanceWhile some homebuyers pay 8% mortgage rates, others are wrangling steep discounts—and it’s creating a surprising surge in new home sales
By Sydney LakeOctober 27, 2023
Capital Economics expects mortgage rates to stay above 6% through 2025.
FinanceThe mortgage rate shock hitting the housing market has years left to run, Capital Economics says
By Sydney LakeOctober 26, 2023
A TikTok trend says homeowners can save $80,000-plus with this mortgage hack. But is it too good to be true?
Personal FinanceInfluencers 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
By Sydney LakeOctober 25, 2023
San Francisco
SuccessSan Francisco’s housing market is so broken that billionaire philanthropist MacKenzie Scott made 2 major real-estate donations in a month
By Sydney LakeOctober 21, 2023
Winter came early to the housing market as buyers face a frozen, unaffordable market.
FinanceThe housing winter arrives early as existing-home sales crash to Great Recession levels and the long-feared ‘deep freeze’ sets in 
By Sydney LakeOctober 20, 2023
Boomer, millennial
FinanceIt’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 LakeOctober 19, 2023
Artistic rendering of charts going up and down
FinanceHomebuyers and sellers: Get ready for mortgage rates at 8% for a long time, top economist says
By Sydney LakeOctober 19, 2023
Depressed home shopper
FinanceThe 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
By Sydney LakeOctober 18, 2023
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.
FinanceFannie Mae’s CEO says shopping for a house right now is downright Dickensian: A ‘tale of 2 markets’
By Sydney LakeOctober 17, 2023
A “for sale” sign hangs in front of a home in Miami
FinanceThe housing market is about to have its slowest year since the real estate bubble burst in 2008, according to National Association of Realtors
By Sydney LakeOctober 16, 2023
Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now
FinanceGoldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now
By Sydney LakeOctober 11, 2023
Prize-winning real-estate economist says the office market won’t improve for years: ‘This is a trainwreck in slow motion’
FinancePrize-winning real-estate economist says the office market won’t improve for years: ‘This is a trainwreck in slow motion’
By Sydney LakeOctober 10, 2023
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