Foreclosures continue to hurt housing market

Two new reports paint a challenging picture of the housing market during the coming year, with ongoing foreclosures likely to continue to weigh on the market.

The research firm RealtyTrac said Thursday that foreclosure activity during the first half of the year increased in three-quarters of the nation's metro areas, with Las Vegas posting the highest foreclosure rate.

Read more by JIM BUCHTA published in the Star Tribune