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The housing market may have crashed in many parts of the country, but there is still a contingent of would-be buyers living an alternate reality. They make a decent living, they save, but it's still not enough to break into the gated communities formerly known as New York, Los Angeles and Boston. In these metropolitan areas and their outskirts, pricing is likely to end up higher, relative to local income, than it was before the housing bubble, according to Fiserv Case-Shiller. [ABSTRACT FROM AUTHOR]

Tax season often delivers more than the usual set of headaches for same-sex couples. But it's about to get incredibly more complicated for couples living in California, Nevada and Washington. There is an upside, though. Many of them will save thousands of dollars in federal income taxes. Here's what's happening: Same-sex couples who are living in the three states that have both community property laws and recognize registered domestic partnerships or same-sex marriage must now follow their state's community property laws on their federal tax returns (if they're officially partnered). In community property states, generally all income and property acquired during a partnership or marriage is treated as equally owned by both individuals. [ABSTRACT FROM AUTHOR]