Today, the National Association of Realtors (NAR) released their Pending Home Sales Report for February showing that pending home sales increased notably with the seasonally adjusted national index increasing 3.1% from January to stand 12.0% above the level seen in February 2014.
The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).