Where's the beef in home-price reports?

(This is Part 2 of a two-part series. Read Part 1, "Put a gag on Chicken Little.")

The Case-Shiller Index portrays itself as being "the leading measure of U.S. home prices," according to a Standard & Poor's press release from April. Given how much press the index receives, it may very well be the leader -- the leader in inaccuracy.

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