Pending home sales surged 7.3% to a reading of 100.1 in November, its highest level in 19 months, from an unrevised 10.4% increase to 93.3 in October, according to a report released Thursday by the National Association of Realtors.

Economists polled by Thomson Reuters predicted a 2.0% increase for the index.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.