Home sales are finally recovering and outpacing economists predictions even as mortgage rates remain high

Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for after a lackluster start to the spring homebuying season.

Existing home sales rose 3.2% in May from the previous month to a seasonally adjusted annual rate of 4.17 million units, the National Association of Realtors said Tuesday. Sales also rose 3.2% compared with May last year.

Home sales increased from........

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