The National Association of Realtors® (NAR) released its March Pending Home Sales Index (PHSI ) . The index is said to be a leading indicator for the housing sector; it measures sales activity based on sales of single-family homes, coops and condos where contracts have been signed but the transactions have not closed. Excerpts From The Release... March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months. The Pending Home Sales Index...