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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.
Blond businesswoman working on computer at office
Success
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 LakeNovember 9, 2023
SoCal housing is so unaffordable that billionaire philanthropist MacKenzie Scott has made yet another multi-million dollar donation to fix the problem
Finance
SoCal housing is so unaffordable that billionaire philanthropist MacKenzie Scott has made yet another multi-million dollar donation to fix the problem
By Sydney LakeNovember 8, 2023
Adam Neumann
Finance
WeWork’s $18 billion bankruptcy is the last thing the reeling commercial real-estate sector needed
By Sydney Lake and Alena BotrosNovember 7, 2023
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’
By Sydney LakeNovember 6, 2023
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
By Sydney LakeNovember 5, 2023
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.
Finance
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 LakeNovember 2, 2023
Housing's Catch-22
Finance
You 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 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
By Sydney LakeNovember 1, 2023
Realtor
Finance
Real-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.
Finance
While 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.
Finance
The 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 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
By Sydney LakeOctober 25, 2023
San Francisco
Success
San 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.
Finance
The 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
Finance
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 LakeOctober 19, 2023
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Most Popular
Law
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victimsplaceholder alt text
By Catherina GioinoOctober 5, 2026
Success
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
By Sydney LakeOctober 6, 2026
North America
Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he losesplaceholder alt text
By Sasha RogelbergOctober 3, 2026
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