How do I edit my home address for Google Now/Maps/Latitude? I just upgraded to the Galaxy Nexus. In the new Google Now, the traffic for my home destination is listed incorrectly. I also noticed that the Home address for myself under the People listing is incorrect. If I try to edit my local profile, there is no field for address. Long pressing on the address only allows me to copy it.

How can I update my Home address?
Update May 3rd, 2015:

My previous answer was for a much outdated platform (latitude doesn't even exist anymore as far as I can tell). Here are some steps for current Google Maps.


Open the Maps application.
Navigate to Settings.
There should be an option to Edit home or work address.


Previous answer below for historic purposes...

I finally figured out how to do this and thought I would explain (since it is not very obvious).


Open up Google Maps or Latitude
Click on yourself (the tag that shows your name, last update time, and city)
You should be able to click a Location history option
With the history open, click the settings button in the lower right corner
There are options to change your home and work addresses!


Hope this helps someone in the future.