Economists are expecting the index to rise 1% month-over month, and 5.1% year-over-year.
In February, pending home sales jumped 3.1% compared to the previous month, which was much healthier than the 0.3% expected.
The National Association of Realtors noted that 29% of the buyers were first-time buyers.
The index measures housing contract activity based on signed real estate contracts for existing single-family homes, condos and co-ops.
We'll be back with the numbers once they cross ...