News on the economic front has been consistently better than average. The unemployment rate has gradually fallen to 7.0 percent from the 9.9 percent high back in 2010. The GDP number has been somewhat tepid but still on the positive sign and the recent 3Q GDP number was revised to a rates to remain steadyrespectable 4.1 percent. That’s a solid number and could be a sign of things to come.

 Today, Wall Street continued its gains after the Commerce Department reported that consumer spending increased 0.5 percent in November compared to the previous month along with a slight jump in personal income. All in all, while the reports aren’t breathtaking, they’re signs that the economy is on the mend albeit in a deliberate manner. And that’s not a bad thing at all.

A white-hot economy would mean the Fed steps in to increase the cost of funds and ratchet up the Fed Funds and Discount Rate, ultimately leading to higher rates for both businesses and consumers. A rapid growth rate would also kindle inflationary fears, something the Fed is always on the watch for. But there isn’t a white-hot economy and there are no signs of inflation so it appears it will be steady as she goes at least until well into 2014 and perhaps beyond.

That provides the sort of consistency that real estate investors can appreciate. Anticipating the cost of money for investors is just as important as to other segments of society. After all, when rates are low for investors they’re also low for non-investors. Perhaps the ideal real estate investing environment starts with a string of boring economic data. Nothing to get too fired up about but not enough to keep investors on the sidelines. Predictability in any business is a key component to success—and real estate investing is certainly no different.