Quo vadis?

Is housing market loosing its recovery mode momentum? According to the Mortgage Bankers Association, new and existing home sales dropped this year 4.1 % –http://www.bloomberg.com/news/2014-06-20/housing-falters-as-forecasters-…
Hand in hand goes the mortgage lending volume,which is expected to decrease as well.We all and got our hopes up after seeing the rising of home prices.But it turns out they rose too quickly and we simply don’t have enough well paying jobs to keep the buyers in the game and the housing recovery moving forward.Weather is also to blame-we won’t forget Chicago’s winter-snow and cold that kept us inside for weeks at the time.
Falling wages is another alarming sign since they are the ultimate determiner of housing market value.
The Federal Housing Finance Agency, which oversees Freddie Mac and Fannie Mae, in May announced new rules to encourage lenders to relax credit standards.Will it help attract more buyers? What’s the future?