Thinking of investing in real estate? Economists indicate Interest rate hikes are imminent.

Employers have now added an average of 235,000 jobs a month over the past three months, and the unemployment rate is holding at its lowest level in more than seven years, signs of healthy growth and diminished slack in the labor market. “The economy is continuing to turn in a solid if not spectacular performance,” said Michelle Girard, chief U.S. economist at RBS. “More than 200,000 jobs per month is very respectable.” The latest figures likely met the Fed’s latest threshold for an interest-rate increase sometime this year, possibly as soon as September. The central bank last month said it wanted to see “some” further improvement in the labor market before lifting its benchmark interest rate from near zero, where it has sat since late 2008. Fed officials expect that tightening in the labor market to eventually lead to an acceleration in wages and overall inflation. Before their next meeting on Sept. 16-17, Fed officials will also have in hand July inflation readings, the August jobs report and the latest news from Greece, China and other turbulent overseas economies. Barring a major reversal in economic data, many economists expect the first rate increase at that gathering. The jobs report “is good enough to be consistent with our call for a September Fed liftoff,” said Michael Feroli, chief U.S. economist at J.P. Morgan. Aug. 7, 2015