Pending home sales gained 1.5% to an index reading of 105.7 in March, after a revised 1.0% decrease to 104.1 in February, according to a report released Monday by the National Association of Realtors.

Economists polled by Thomson Reuters predicted that the index would be up 1.0%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.