The economy has been growing yet it’s doing so at such a tepid pace. Economic reports released each week and month have shown positive signs but nothing that’s a real barn burner. In order to the economy moving again job creation will need to be closer to 350,000 each month rather than readings rates sluggishbelow 200,000.

Last week, two reports confirmed this trend which should keep the Fed on track with the ultimate elimination of the current quantitative easing program as well as leaving the Fed Funds rate alone.

The Philadelphia Federal Reserve Bank reported the region grew at a faster pace than originally expected with the business activity index popping to 16.6 from a 9.0 March reading. This number was well above the 10.0 many economists expected, according to a story on  Any account above zero points to manufacturing growth while a negative number shows regional contraction. The Philly survey also showed that new orders rose to 14.8, the highest level since the end of QIII 2013.

And as you read here last week, first time unemployment claims fell to 304,000, a seasonally adjusted low and very near the 6 ½ year low notched in the fall of 2007. These two numbers indicate that the economy is in fact moving forward yet not at a frantic enough pace to produce any eye-popping data. Interest rates have been at sub-5.00 percent since April 2011.

This good news for real estate investors and perhaps some not-so-good news. Low rates mean lower financing costs for new construction as well as financing existing properties and lower rates mean more potential buyers. Yet with unemployment still notched above 6.5 percent and more people falling out of the work force, any chance for a robust recovery looks far, far away. It’s very possible that this environment could be with us well into next year.