The housing market is starting to show some improvement after a slow start to the year: 'Home price improvements 
have contributed to consumers' household wealth, but overall growth in the housing market pulled back in the first quarter. More recent housing indicators were mixed, with only moderate improvement, “While the recent up tick in rates may have a little to do with a drop in mortgage application volume, purchase activity in many areas nationwide continues to suffer from a lack of inventory and confidence. Still, the market did receive some good news this week: Existing-home sales were up 4.9 percent in May -- the highest monthly rise since 2011.
have contributed to consumers' household wealth, but overall growth in the housing market pulled back in the first quarter. More recent housing indicators were mixed, with only moderate improvement, “While the recent up tick in rates may have a little to do with a drop in mortgage application volume, purchase activity in many areas nationwide continues to suffer from a lack of inventory and confidence. Still, the market did receive some good news this week: Existing-home sales were up 4.9 percent in May -- the highest monthly rise since 2011. 
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