The “K-shaped economy” made headlines after Treasury Secretary Scott Bessent declared it over. The term describes a market where some segments prosper while others decline. I recently told Realtor.com that I don’t think housing backs up his claim, at least not in New York City. Nationally, the data tells a clear story: entry-level home sales keep declining while the $1M–$2M segment keeps gaining share. Here, that same divide shows up in who can transact and who can’t. Read the full piece on Realtor.com. 📧 michelle.griffith@elliman.com #michellegriffithnyc #manhattanrealestate #nycrealestate #luxuryrealestate #douglaselliman