KB Homes offers Free Gas Cards

The San Francisco Chronicle reports:

Mega-builder KB Home recently began offering consumers $25 gas cards if they visit three of its Contra Costa County developments by the end of July.

And at a 35-unit condo project near Oakland's Chinatown, broker Elena Stone is advertising a $15,000 credit to buyers who close escrow in 30 days. So far, she's sold 10 units -- including five after the credit was announced last month. Stone estimates her project is competing with more than 500 other downtown condos.

"Today's buyers have a lot more choices," she said.

A slowdown in the Bay area.When KB Homes is giving away $25 gas cards you know times are tough on the homebuilders.