This is a sponsored guest post written by Neil Kornswiet on behalf of Neil Kornswiet. Post powered by Sponzai.

Although real estate values are plummeting in most cities and will continue to do so, there is good real estate news in many pockets of the country. There is even good news in Oakland, showing a slow but steady increase in the market which has seen a whopping 48 percent decrease in home values since 2006. Real estate experts like Neil Kornswiet are watching the market in major cities like Oakland, and experts from a variety of firms are making informed speculations on where the market is moving. Although the news isn’t as good for Oakland as it is for San Francisco, there should be modest gains over the next two years, and the values should stop dropping very soon.

The other good real estate news for Oakland is that home values should increase by 0.4 percent by June 2011. This is a small and slow gain compared to cities like Seattle and San Francisco, though, and there are several reasons for this. The factors that are keeping things from moving along quicker are the numerous foreclosures and the adjustable rate mortgages that are currently resetting or are about to reset. But many communities in this city are highly sought after, and for buyers who have been closed out of the market during the real estate bubble, this could be the time for sales to start increasing noticeably.

Although unemployment rates are high and Fiserv predicts another 11.7 percent drop in the value of homes in Oakland through the summer, businesses such as Clorox, Dryers and Kaiser Permanente that call this city home should help bolster increases after that. As the economy begins to look up again and layoffs die down, there is good reason to believe it will have a dramatic affect on home values. The nearby educational institutions in Berkeley and San Francisco also provide a foundation for a solid economy once the dust settles.

Experts say the good real estate news for Oakland is that home prices will begin increasing by double-digit amounts in June and that the average rise in home values over two years will be 0.4 percent.