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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.
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
Increases in the cost of living have been smaller recently, which could eventually make it easier for some people to afford homes and mortgages.
Finance
Lower inflation may be the hammer that cracks the unaffordable housing market for would-be homebuyers 
By Sydney LakeNovember 16, 2023
Thanks to higher home prices and middling inventory, new owners tend to be older, earn more, and are likelier to be single or childless than in the past.
Personal Finance
This isn’t your parents’ first-time homebuyer: more millennials are breaking into the housing market, but they’re older than boomers were and need to earn a lot more money
By Sydney LakeNovember 14, 2023
Father and son
Personal Finance
Millennials are replaying their parents’ housing market journey as first-time buyers in their 30s flood into an unaffordable market
By Sydney LakeNovember 14, 2023
AMC Theatres posts best revenue and attendance since pandemic began as it closes money-losing locations and rakes in cash from ‘Barbenheimer’ bonanza
Finance
AMC Theatres posts best revenue and attendance since pandemic began as it closes money-losing locations and rakes in cash from ‘Barbenheimer’ bonanza
By Sydney LakeNovember 10, 2023
A “silver tsunami” of baby boomers will start downsizing next year and 2025.
Finance
The ‘silver tsunami’ is about to hit the housing market—but millennials and Gen Zers may not come out any better in the wash
By Sydney LakeNovember 9, 2023
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
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