US existing-home sales rose 3.2% in May to 4.17 million units, the year's fastest pace, while median prices hit a record $429,300. Here's what it means for

Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.

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