Best Real Estate Lawyers in Each of the 30 Biggest Cities in the US

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In this article, we take a look at the Best Real Estate Lawyers in Each of the 30 Biggest Cities in the US. You can skip our industry analysis and go directly to the Best Real Estate Lawyers in Each of the 10 Biggest Cities in the US.

One of the basic needs of humans, propounded in every social and psychological class, book and discussion-- is the concept of shelter. For ages, people have looked for a roof over their heads and would continue to do so till the end of time. Land and property laws materialized centuries ago to maintain a civilized way of life. In this time of the day, real estate law has been minutely developed and imposed worldwide. It falls under civil law and covers rules encompassing ownership and use of land, violation of which can lead to serious repercussions. Thus, the necessity of real estate lawyers.

According to Forbes, about 61% of people in the US own homes. Purchasing a home is not just a simple process of exchanging money for keys. Multifarious documentation is essential to cover all areas of the transaction so that future obscurities or disputes can be avoided. Not every person is either proficient in laws governing real estate purchase, sale and management or have extensive time and energy to ensure proper compliance with official laws. This niche in the market has been effectively filled by the real estate lawyers. They perform various activities for their clients like negotiating real estate deals, taking care of contracts and litigation etc.

According to a report by Zippia, 7,165 real estate lawyers are currently working in the US, with men (51.1%) at a slightly higher ratio than women (48.9%) and an average age of 49. Furthermore, New York City has been identified as having a higher demand for real estate lawyers than other states, whereas Massachusetts has been declared as the best place for real estate lawyers to live. Other interesting facts to note were a 92% higher earnings of women real estate lawyers as compared to men in 2022 and the highest average wage being paid in Seattle, Washington, amounting to $123, 121.

Real Estate Industry Overview

The US real estate industry, in the previous year, has not experienced any major movements. However, it is predicted that over the next few years the industry would depict a 10% per annum growth in the earnings. On the other hand, in the US housing market, in November 2023, home prices increased by 3.6% YoY. The number of houses sold showed a downward trend of 6.0% and the houses put-up for sale also went down by 6.9%. The mortgage rate was recorded at 7.4%. Nevertheless, the slight fall in mortgage rate for the preceding couple of months has been hailed as good news, providing a glimmer of hope for prospective house buyers.