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

The real estate news for cities like Seattle is actually looking up despite the recent downturn in the economy that has seen home values plummet over the last couple of years. The current median home price is $371,000, which is approximately 15 percent lower than the median value in 2006. That is the bad news. But real estate professionals such as Neil Kornswiet have been watching the market and putting together the facts, and it looks like things are looking up in some lucky cities like Seattle.

Although there has been a 15.2 percent decrease in Seattle’s median home values since 2006, experts say that by June of 2011 there should be a gain of 3.8 percent. Part of the good real estate news for Seattle has to do with its vibrant economy with major employers such as Boeing and Microsoft, which has allowed the city to avoid the major unemployment woes of other areas of the country. The city’s 8.8 percent unemployment rate sounds pretty rosy compared to cities like Detroit and others that have suffered more greatly during the bad economy. And the decrease in home values might seem bad, but it is actually about half the national average.

Experts say there will still be another 2.3 percent decrease in home values in Seattle over the next couple months, but after June, things should start looking up. Real estate analysts estimate a 6.2 percent gain between June 2010 and June 2011, which will average out to a 3.8 percent increase over the next two years.

This may not seem like the most positive real estate news since there will be no double-digit increases in home values any time soon, but the fact that values are increasing instead of decreasing is very good news indeed. It appears as if things will stop getting worse and start getting better very soon.

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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.