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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.
Selling Sunset star Emma Hernan is optimistic about the luxury real estate market for 2024.
Finance
The 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.
Finance
Millennials, 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.
Finance
Tides 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.”
Finance
Homebuyers 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
Finance
Even 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
Finance
The 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
Finance
The 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%.
Finance
Homeowners, 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.
Finance
Some 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.
Finance
It’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."
Finance
Millennials 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
Housing affordability is the worst it’s been in decades. It will improve in 2024, but by only a ‘small step,’ Realtor.com chief economist says
Finance
Housing affordability is the worst it’s been in decades. It will improve in 2024, but by only a ‘small step,’ Realtor.com chief economist says
By Sydney LakeNovember 30, 2023
Home prices could drop in 2024, but that won't completely fix housing affordability.
Finance
Home prices are likely to drop next year, but don’t expect that to solve the affordability crisis, bank exec says
By Sydney LakeNovember 28, 2023
Renowned economist Gary Shilling predicts that the commercial real estate bubble will burst.
Finance
Top economist who predicted 2008 housing crash says the commercial real estate bubble is about to burst
By Sydney LakeNovember 20, 2023
The math isn't working for may homebuyers to break into the housing market.
Personal Finance
Housing math just isn’t mathing, a Fed president says, ripping into NIMBYism and homes that are ‘increasingly unattainable for too many workers’
By Sydney LakeNovember 18, 2023
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