Pending home sales slipped 0.5% to an index reading of 96.5 in February after an unrevised 2.0% increase to 97.0 in January, according to a report released Monday by the National Association of Realtors.

Economists polled by Thomson Reuters predicted a 1.0% increase for the index.

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.