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PHOENIX-The downturn didn’t hit too many cities harder than it did Phoenix and Orlando. In both metro areas, the residential sector bore the brunt—just as recovery in the housing market today is pulling up commercial property activity along with it, Phoenix and Orlando experts with NorthMarq Capital tell GlobeSt.com. A report from Florida Realtors last week showed that Orlando housing prices rose 23% year over year, a better showing than most markets across the state, while Phoenix has posted nearly two years’ worth of consecutive monthly gains, according to the S&P/Case-Shiller Home Price Index.

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