Grupe Real Estate to close single-family resale division after more than five decades. Grupe Real Estate is closing its single-family resale division after more than 50 years serving homebuyers and sellers in the Stockton area. The firm has been a prominent name in the local housing market and is associated with communities such as Brookside Estates, Quail Lakes and Lincoln Village West. Founder Fritz Grupe said the closure applies only to the resale brokerage and will not affect any residential, commercial or office properties and development projects by its parent organization, The Grupe Company. "There are so many people that we not only handle their home sales, but their children and their grandchildren," Grupe told Stocktonia. "When you're in business over 50 years, you cover a lot of families." Grupe said the president and managing partner of the resale division, Jerry Abbott, decided he was ready to close the chapter as he approaches his 90th birthday. Grupe, supportive of the move, said he and Abbott notified approximately 85 agents across the brokerage's Stockton, Lodi and Rio Vista offices shortly after the decision was made about a month ago. Most agents are going to work for PMZ Real Estate, he said. "The two of us explained it all to them. It wasn't a secret," Grupe said. "We told them right off the bat." At age 28, Grupe developed his first residential community, Lincoln Village West. After beginning his career as a real estate salesman, he founded The Grupe Company with his wife, Phyllis, in 1966 and later launched Grupe Real Estate in 1973. The firm's ties throughout the valley run deep, from helping generations of families buy and sell their homes to employing multiple generations of local families across its offices. Grupe said feedback about the division's closure has been overwhelmingly positive, with people showing appreciation for the firm's work. Stockton City Councilmember Michael Blower's relationship with Grupe extend beyond the merger of his own company to Grupe Real Estate in 2014. His father Bob, he said, was the first employee hired by Grupe and sales manager John Binkle in 1973, during the development of Lincoln Village West. "It's a business I've been around my whole life," said the councilmember, who was five years old when his father began working for Grupe's firm. "I was pretty sad to see it close, but I understand." When Blower merged his own company, Blower Realtors, with Grupe Real Estate, he brought his team into the brokerage. Over the years, Blower held several leadership roles including sales manager, vice president and president. As he became more active in local politics, he said, he gradually stepped back from management duties and focused solely on sales. He confirmed most agents are transitioning to PMZ, a move he said is important for maintaining continuity among the group. "Grupe Real Estate was a really special place to work," Blower said. "It was very much like a family." Grupe told Stocktonia the resale division was never about "getting his name out there," but about delivering strong service and staying profitable, with a focus on hiring top-tier agents. Grupe explained that an emphasis on recruiting strong agents has been vital to the firm's success, building trust and respect in the community while guiding clients through major decisions like buying or selling a home. "Our agents have always been top-of-the-line type of people that we've been very proud of," Grupe said. "The people who have run Grupe Real Estate have done an excellent job." In recent years, Grupe said he's spent more time on his 1,300-acre ranch in Lodi, where four generations of his family live, while also focusing on The Grupe Company's other operations and his interest in agriculture.

Most large U.S. Housing markets are shifting in buyers' favor. Friday, April 10th, 2026 Just over 60% of the nation's largest housing markets have tilted into balanced or buyer-friendly territory, while only 26% remain seller's markets, according to a new analysis from Realtor.com(R). The findings come alongside the debut of the Realtor.com(R) Market Clock, a new tool designed to cut through the noise of housing data and give buyers, sellers and market watchers a clearer picture of where local markets stand and where they may be headed. The Realtor.com(R) Market Clock places the national housing market at 3 o'clock - a "Balanced-Loosening" phase, heading toward buyer-friendly conditions, though not necessarily approaching them quickly. But that national reading masks striking variation across the country's 50 largest metros, which currently span nearly the full face of the clock. Of the top 50 metros, 13 (26%) remain seller's markets, 23 (46%) are in balanced-loosening phases, 8 (16%) are buyer's markets, and 6 (12%) are in balanced-tightening territory - meaning a small but notable group of markets are actually trending back toward seller advantage. "A national picture is useful, but when making a real estate decision, the local details are what really matter," said Danielle Hale, Chief Economist at Realtor.com(R). "Right now, a homebuyer in Houston or San Antonio is navigating a very different market than someone in Hartford or Milwaukee. The Realtor.com(R) Market Clock was built to make those differences visible at a glance." A Buyer-Friendly South and West, With Pockets of Seller Strength in the Midwest and Northeast The regional picture is varied, with all 8 buyer's markets located in the South (7) or West (1). and most of the 13 seller's markets coming from the Midwest (7) and Northeast (3). Of the metros currently classified as buyer's markets, 5 of 8 are in either Florida or Texas - including Austin, Texas; Tampa, Fla.; Jacksonville, Fla; Orlando, Fla.; and Miami. All 8 buyer's market metros currently sit in what the framework calls 'Early Buyer' conditions - meaning inventory is growing, price cuts are common, buyers are starting to hold the upper hand, and their negotiating leverage is likely to get even stronger in the coming months. By contrast, most seller's markets are concentrated in the Midwest and Northeast. Four markets among the top 50, including Hartford, Connecticut, hold the "Peak Seller" position, while six, including Milwaukee, San Francisco, and Providence, RI, are exhibiting "Early Seller" conditions, meaning the conditions are already hot and getting hotter. Three metros, including Boston and San Jose, remain in late seller phases - still competitive, though seller advantage is beginning to soften in those markets. A further 8 of the top 50 markets sit at 4 o'clock, or in the Late Balanced phase of the Market Clock. While these metros - which include Charlotte, NC; Washington, DC; Phoenix, and Las Vegas-are still balanced, homes are sitting longer, prices are softening, and buyers are likely to hold the upper hand outright in the coming months. The New Realtor.com(R) Market Clock The Realtor.com(R) Market Clock is a new tool based on key market signals like market balance, market pressure and market pace with the goal of helping people understand their local markets. The market clock is organized as a 12-hour clockface. Seller-leaning conditions occupy the top of the clock (the 11, 12, and 1 o'clock positions), buyer-leaning conditions fall toward the bottom (5, 6, and 7 o'clock), and balanced phases occupy the space in between - with one set loosening toward buyers (2, 3, 4 o'clock) and the other tightening back toward sellers (8, 9, 10 o'clock). At 12 o'clock, conditions favor sellers most: homes sell quickly, competition is fierce, and buyers have limited leverage. At 6 o'clock, the market favors buyers: there's more inventory, less urgency, and more room to negotiate. The framework is built on metro-level housing data tracking supply and inventory balance, market pace and competition, and pricing pressure and adjustment. Grounded in data, the Realtor.com(R) Market Clock is built using consistent, metro-level housing market information that tracks conditions over time, allowing markets to be compared both across geographies and across different points in the cycle. Critically, the clock captures not just where a market stands, but how fast and in which direction it is moving - a distinction that matters significantly in markets currently in transition. "Consumers and professionals are exposed to more information than ever before, but more data hasn't always meant more clarity for people trying to make one of the biggest financial decisions of their lives," said Hale. "The Market Clock is our attempt to change that - to take the full range of signals we track and translate them into something that reflects what the market actually feels like on the ground." The Realtor.com(R) Market Clock is designed to describe current conditions and track shifts in leverage over time - not to forecast home prices, sales volumes, or mortgage rates. A market moving into buyer-friendly territory does not guarantee price declines, just as a seller's market does not ensure continued price appreciation. A Framework Validated by the Last Cycle The Market Clock's track record from 2019 through 2025 reflects the housing cycle that consumers and industry professionals have lived through. In December 2019, conditions were already tight: 72% of the top 50 metros were in seller-leaning phases and 26% were in balanced-tightening territory - underscoring just how primed the market was for the pandemic-era boom that followed. By December 2021, the compression was dramatic. Ninety-eight percent of the top 50 metros had reached seller-market territory - one of the most compressed and competitive environments in modern housing history, with only one metro outside seller territory. The rate shock of 2022 began to shift conditions, and by December 2023, 62% of large metros remained in seller phases, even as the lock-in effect kept inventory constrained and markets from fully cooling. By December 2025, the landscape had opened considerably: seller markets had shrunk to 26% of large metros, buyer's markets had grown to 16%, and balanced-loosening conditions had become the dominant category at 46% - reflecting a housing market defined less by uniformity than by geographic dispersion. How Buyers and Sellers Can Use the Market Clock For anyone interested in buying and selling now or in the future, the Market Clock is designed to help set expectations. Buyers can use their metro's position to gauge how competitive local conditions are, how quickly they may need to act, and how much negotiating room it is realistic to expect. Sellers can use it to help calibrate pricing strategy and understand whether patience or flexibility is likely to be rewarded in their market. "Whether you're a first-time buyer trying to figure out how aggressive your offer needs to be, or a seller wondering whether to hold firm on price, the Realtor.com market clock is a much needed solution for today's buyers and sellers," said Jake Krimmel, senior economist, Realtor.com. "It's a professional grade tool that's meant to be simple enough to give non-experts a clear takeaway. And it's best when paired with the advice and guidance of a skilled Realtor(R) agent when you're ready to move." The Realtor.com(R) Market Clock is available as part of Realtor.com(R) Economics housing market research portal and the report will be updated on a quarterly basis.