Pending home sales rise 8.2 percent in February

"The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2.

The report "may signal the early stages of a second surge of home sales this spring," said Lawrence Yun, the trade group's chief economist."

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