Home prices in Spain fell 4.6 percent in August from the same month a year earlier with property values on the Mediterranean coast taking the biggest hit as the country's real estate crisis wears on, a leading real estate appraisal company said.

Home prices continued to fall across the United States in the second quarter of 2008, albeit at a slower rate than last quarter, suggesting that the country's real estate crisis may have reached a bottom, a new study shows.

Spain’s housing market continued to freefall in June for the sixth month in a row. According to government figures, home sales fell by 29.6% compared to same month of 2007 to 47,511 transactions, suggesting that the Spanish real estate crisis has yet to bottom out.

Nine out of 10 homeowners are worried about their rising gas and electricity bills, 92% are concerned over rising food prices and 85% about rising fuel prices, a new poll shows.