Welcome to the back half of 2013. This time last year, all the buzz seemed to be about the stretch into convention seasons and the November Presidential election. What's gone down in economics and housing since then--particularly, the number of people who've gotten jobs back and the number of distressed home properties absorbed by investors--might have exceeded most hopes and expectations. How about this time next year? Will recovery spread to the middle and lower economic classes? Fortune's Stephen Gandel has analysis here.

Read More