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Homebuilders are scrambling for land to feed brisk demand of late, and the price of new homes will continue shooting up in 2013, says Elliott D. Pollack, CEO of the Scottsdale-based economic and real estate consulting firm Elliott D. Pollack and Co.

Arizona's economy could fully recover in three years as long as the so-called fiscal cliff doesn't kick the nation back into recession, a panel of experts said at an economic forecast luncheon. Experts predict Arizona will see more jobs being created, more single-family homes being built and higher retail sales. Read more»

Arizona's economy would benefit if elected officials followed the lead of states including Utah and New Mexico that have established government-supported programs promoting venture capital investment, two business groups contend. Read more»

The fate of a ballot measure intended to stabilize trust land payouts to K-12 education in Arizona remained too close to call Tuesday night. Read more»

Voters on Tuesday approved a ballot measure to limit increases in property valuations that determine how much property taxes people pay. Read more» 3

Marcella Alvarez of Phoenix said she will be grateful for the extra money when Arizona's minimum wage rises from $7.65 an hour to $7.80 an hour Jan. 1. A law voters approved in 2006 adjusts the state's minimum wage separately from the federal minimum wage.

The Industrial Commission of Arizona recently announced a 15-cent-per-hour increase in the state’s minimum wage, to $7.80. Minimum-wage workers in Arizona will get a modest raise Jan. 1, under a law voters approved in 2006. Read more» 1

State Treasurer Doug Ducey says changing the formula for distributing money from a fund fed by the lease and sale of state trust land would provide more reliable payments to K-12 schools and other beneficiaries.

A positive vote on Proposition 118 would assure a stable stream of funding for K-12 schools and a dozen other beneficiaries in Arizona. State Treasurer Doug Ducey says the current formula for calculating payments from the state land trust is problematic, and thus in need of change. Read more»

A home for sale in Tempe. Experts say limited supply due to a drop in foreclosures on the market is helping drive up prices around Arizona.

Brisk demand and limited supply are helping to boost home prices in Arizona. For all of Arizona, the median price of a single-family home sold in August was $155,000, up from $116,050 in August 2011. Read more»

Alberto Osio, CEO of Yolia Health, at his company’s office with BioInspire, a bioscience incubator in Peoria.

The city of Peoria has committed $5.5 million to an effort to create a bioscience incubator offering up initial funding, mentoring, free office space and access to laboratories. Read more»

Dennis Peoples, an employee of a Total Wine and More outlet in Phoenix, fills a jug called a growler with draft beer. A new state law allows bars and stores selling wine and beer to fill growlers for customers.

For many beer aficionados, nothing beats the freshness and flavor of a microbrew straight from the tap. Many drive miles to brewpubs to fill up glass bottles with their favorites. Under a new law, they now can fill those growlers at bars or retailers that have microbrews on tap. Read more»