Pending sales of U.S. existing homes in March posted their first back-to-back gain in almost a year.

The number of Americans signing contracts to buy previously owned homes jumped 3.2% after a 2% gain in February, the National Association of Realtors said Monday. Economists forecast the pending-sales index would be unchanged, according to the median of 32 projections in a Bloomberg News survey. Estimates ranged from a 2.3% drop to an increase of 3.5%.

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