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Although the economy is doing so well, individual experiences in terms of wage is not very happy. In the US the gap between real wage rate and those at the higher end of the distribution and those at the lower end has been widening. The US is now facing what is known as wage inequality where the lowest part of the distribution is either stagnant or falling.
Wage inequality is affecting the home buying ability of people. People getting lower wages are now waiting longer and longer to purchase their first home as they do not have enough money saved to put as down payment.
It is believed that technical innovation has significantly affected wage distribution in the US. Another factor that has seriously affected wage distribution and resulted in wage inequality is globalization. To some extent, globalization has resulted from the advances information technology has made and this allows goods to be produced and services to occur over a broader geographical area.
But wage inequality has affected home buying abilities of many. While some are struggling to purchase a basic first home, others have sufficient money to buy homes and vacation homes not just in the US but also abroad.
The recent slump in the real estate market in the United States should make everyone concerned about wage inequality. With fewer and fewer people who can afford their first homes, the market is falling and people are stuck with either no homes or homes that they cannot sell.
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Buying and selling a home at the same time can be quite a tedious process and it presents its own challenges. However, having the correct information on buying and selling a home at the same time will help you prepare and ensure that the entire process goes according to plan. 
