by Calculated Risk on 7/06/2006 10:58:00 PM

Some anecdotal info on the San Diego housing market:

I spoke to a top real estate agent in San Diego this evening. She has been selling Real Estate since the mid-'80s. She told me the last couple of months have been the slowest of her career; even slower than the early '90s.

She said Standard Pacific called her and offered a 5% commission on any new home. Usually SPF just offers a small finders fee. She also said the builder offered substantial upgrades to any buyer. Last year these homes would have sold immediately - now they can't find buyers.

Finally she said there is heavy discounting in the existing home market and she is surprised the price declines have not shown up in the official numbers yet.