SALT LAKE CITY (ABC 4 News) - According to a new report, Salt Lake City has one of the highest amounts of foreclosures in the country.
The number of foreclosures in the U.S. has gone down 13 percent from a year ago, but some of the largest cities are still struggling.
One in 309 homes in Salt Lake foreclosed in April and home prices are down 20% from their peak.
Even with these improvements, Salt lake had a smaller decline compared to other regions in the country.
Analysts project a 9.5 increase in home prices in Salt Lake from this year’s fourth quarter to the fourth quarter in 2013
They also say the U.S. still has a long way to go before it is fully recovered.
Click
here for a map of the April 2012 U.S. foreclosure trends.
