Real estate investors who have been in the game for a while have been the recipient of some rather good news on the housing front. Home prices across the country have been on a gradual crime for two plus years now and just last week the National Association of Realtors released the existing home salesMore Good News number for October.

According to NAR, existing home sales rose to an annualized rate of 5.25 million units, up 1.5 percent, the highest in more than a year. This is the first time we’ve seen a year over year resale since October of 2013.

Otherwise gloomy economists had expected somewhat of a shortfall given recent home data and going into the fall, predicting a rate closer to 5.16 million units. The housing market overall has enjoyed a gradual rise in value, reinforced with consistent numbers. So, what does that tell new real estate investors?

For one, these aren’t “bubble numbers” or any real estate irrational exuberance. Home values are up but not white-hot and an increase of 1.5 percent is not only respectable but manageable as well. With long term rates appearing to hold near the 4.00% mark for the 30 year investor product well into 2015, it’s appears to still be an ideal time to buy and hold residential real estate.

Rental rates have also showed no slowing down and as financing costs have stayed low, at each new lease agreement, cash flow is increased. There will be property tax increases in most parts of the country this year as values continue their upward trend but strong rental demand should more than offset taxes as well as insurance and maintenance costs. It looks like real estate investors are going to see a nice 2015.