Down Payments Above Average

Southwest Florida down payments on homes is above average compared to the rest of the nation according to a report released by RealtyTrac on Tuesday.  The report shows that the average down payment in December on a home was nearly 18 percent in Lee County and 22.4 percent in Collier County. The U.S. average is 14 percent. The highest average across the country in the high-price market was New York City at 7.18 percent.