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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.
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
Artistic rendering of charts going up and down
Finance
Homebuyers and sellers: Get ready for mortgage rates at 8% for a long time, top economist says
By Sydney LakeOctober 19, 2023
Depressed home shopper
Finance
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
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.
Finance
Fannie 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
Finance
The 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
Finance
Goldman 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’
Finance
Prize-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
A sign outside a home for sale in Atlanta
Finance
The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’ real estate executive says
By Sydney LakeOctober 9, 2023
Orlando Bloom, Katy Perry
Success
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 LakeOctober 6, 2023
Photo courtesy Ali and Josh Lupo
Finance
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
By Sydney LakeOctober 3, 2023
Mortgage rates just hit a 22-year high—it’ll continue to be a ‘drag on home sales,’ Realtor.com chief economist says
Finance
Mortgage rates just hit a 22-year high—it’ll continue to be a ‘drag on home sales,’ Realtor.com chief economist says
By Sydney LakeSeptember 29, 2023
House poor is back: ‘the new normal for the foreseeable future’
Finance
House poor is back: ‘the new normal for the foreseeable future’
By Sydney LakeSeptember 18, 2023
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Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunchplaceholder alt text
By Marco Quiroz-GutierrezJuly 1, 2026
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80Kplaceholder alt text
By Orianna Rosa RoyleJuly 2, 2026
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