I see a minor crack in the finish and flaking of the finish coat that was smeared or brushed on the foundation chamfer when the stucco was done.
Spalling, flaking I guess pretty close.
I’m with @mcyr on this. Someone could have smeared grout on the wall with a sponge float at some point as well and now there’s a bonding issue. Either way, with only the picture to go on, I would call it minor spalling.
or flaking,
A spall is defined as flakes of material that are broken off of a larger solid body. So, is it paint or concrete? I cannot make that determination from the photo. Certainly water lays on that surface which may promote spalling (especially in a freeze climate)
Only something I may note for informational, but really low on the list if it even made it to the report.
I can’t imagine putting that in a report…I guess if it was the only item I found …yeah no …that wouldn’t be in my report…I don’t comment on the carpets either…
In my day at this, I would not even have mentioned it.
Have to earn $400 somewhere Marcel… 
Just kidding by all means… 
I wouldn’t either…
Agreed, I would be more concerned more about these types of cracks (depending on severity and how widespread).
Sort of, but not really.
It is an indication of moisture issue there however.
Because it is a “coating” rather than masonry component, is why it is sort of…
Concrete paint peeling, easy peesy