Headlines 10.23.2012

Irrespective of who wins the election, wealth will be more unequally distributed four years from now. The reasoning is that rental households have been rising while the number of homeowners has not increased. Homeowners over the long haul build wealth as they pay down their mortgage. A portion of the monthly mortgage goes towards principal reduction. Now, in addition to steadily paying down the mortgage debt over time, home price growth will help enlarge the housing equity. Home prices have clearly turned for the better and this rise in price will add to homeowners’ wealth.

Who Will Get Future Housing Wealth? ~ NAR

Where does Seattle’s real estate market rank in the U.S.? ~ PSBJ

Banks spur short sales with cash incentives ~ PSBJ

Building up, not selling out: Can denser cities save family farms? ~ grist

Windows 8 spurs new PC designs: Flip, slide and jumbo ~ Seattle Times

Bill Gates on Windows 8, Windows Phone 8 and Surface