House prices in the US will start to rise again next year as the economy recovers, it has been predicted.

The American Bankers Association’s Economic Advisory Committee forecast that the country’s recession is about to end, with the three months from July to September set to see a 0.5 per cent rise in gross domestic product.

Committee chairman Bruce Kasman said that this will gradually feed through into a small increase in house prices next year.

A recovery of values may help Florida property buyers, who could find that by purchasing now or soon they are doing so at or near the bottom of the market.

Last month property firm Mayfair International Realty predicted Miami would be one of the first cities in the country to recover.

Annette Reeve noted that March had seen an increase in buyer activity, with most being investors seeking new build homes.

She stated that this is "always a very good sign".

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