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The National Association of Realtors reported the first back-to-back increase in pending home sales in almost a year. “The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7,” the NAR stated in a press release.