Why Home Price Reports Are Irrelevant - CNBC

^^ The article title is correct but the content of the article by Diana Olick still doesn't get it. Let me state emphatically that ALL reports are irrelevant. You know why? They all rely on trailing/lagging data which is useless. Revisions are constantly done as well to these reports so what use are they? There is no use but we live in a world where people in power live and die by "data points" and ever changing information. They need to put the information in some sort of tabulated order and stamp an "official" inkstain on the data. It's all nonsense but that's the world we live in. If you want to read the article, here you go.