Many foreclosures aren’t included in the data at all because they are not sold through the Realtors’ multiple-listing service.

Existing-home sales fall 2.6% to 10-year low – MarketWatch.

If up to 60% of home sales in places like Sacramento and Las Vegas are foreclosures what good is the data from this report? Sacramento and Las Vegas are showing significant year-over-year sales gains.

I write about Las Vegas and Sacramento markets because I am following the real estate trends in those two areas. The quote I pulled above makes me wonder if the sales data has any correlation in reality. How many othe areas are having a significant proportion of sales not show up in the national data?