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Though real estate activity and fundamentals differed in 2011 between the Dallas/Fort Worth and Houston regions, one theme was pretty consistent: Texas, for the most part, has been insulated from the economic woes experienced in other parts of the country. On the other side of the coin is the Phoenix metro region, commonly considered one of the ground zeros of the financial crisis. Though Phoenix hit the bottom and has been bouncing along it in recent years, real estate experts in the desert region say they're feeling pretty optimistic about 2012.

According to experts in the DFW area, 2011 was stronger than 2010, with higher absorptions across all real estate sectors. And, according to these same experts, 2012 should be even better.

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