Fort Lauderdale-Pompano Beach-Sunrise, FL (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Fort Lauderdale-Pompano Beach-Sunrise, FL , Federal Housing Finance Agency house price index is a measure of the change in prices of single-family homes with a mortgage backed by the Federal Housing Administration. The index covers the metropolitan statistical area of Fort Lauderdale-Pompano Beach-Sunrise, which includes all of Broward County.

As of September 2020, the index stood at 243.6, up from 241.8 in August 2020 and up from 217.4 in September 2019. This represents a year-over-year increase of 12 percent and a month-over-month increase of 1 percent.

The all-time high for the index was set in June 2006, at 334.3. The trough came in February 2012, at 155.2. Since then, prices have recovered steadily but slowly, and remain below their pre-recession peak even after more than eight years of gains.

The Fort Lauderdale metro area has seen strong population growth in recent years, due in part to its attractive climate and amenities such as beaches, boating, and golfing. This has helped to drive up demand for housing and push prices higher. In addition, low interest rates have made buying a home more affordable for many people and encouraged investment in real estate.