New York Magazine has a good summary of the current understanding of virus spread:
- People who have had it already are now having some effect on lowering the spread in places where infection rates have been higher and this may help in any winter wave.
- For effective herd immunity you may not need an infection rate as high as 60% and it could be as low as 20%, although there are competing views on this. How much is immunity, how much is measures like social distancing and mask wearing and how much is issues related to the local population is a long way to being established.
- If this rate is lower then a vaccine will not need such a high rate of adoption and the vaccine will not need to be so effective - which may be likely with earlier ones.
- Having had other coronaviruses recently probably won't affect you getting Covid-19 but may have some impact on the severity of it. Some researchers say this may be one factor in younger people getting it less severely as they are more likely to have spent time in places with lots of others where common colds spread but others dismiss that it has a significant effect, with age and genetics having far more impact on outcome.
- The disease is getting less severe. Some is due to better treatment, some to better protecting the elderly and with spread becoming mainly among the young. Possibly some is due to "mortality displacement" where the most vulnerable die first and the population left are those who have better protection.
Worth reading in full rather than my quick summary:
https://nymag.com/intelligencer/2020/08/reasons-for-covid-19-optimism-on-t-cells-and-herd-immunity.html