# @michellegriffithnyc on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Dctuq8YuF3P
- **Gondola URL:** https://gondola.cc/posts/69803212-michellegriffithnyc-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/0756f7c330.jpg
- **Posted:** 2026-08-31T18:31:11.000+00:00
- **Account Owner:** Michelle Griffith  |  NYC Real Estate (@michellegriffithnyc) — https://gondola.cc/michellegriffithnyc

## Caption

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

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## Tags

douglaselliman, nycrealestate, luxuryrealestate, manhattanrealestate, michellegriffithnyc

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