Savvy senior - Jan. 28, 2010

Housing Help for Retirees Looking to Relocate

Dear Savvy Senior,

I’ve heard that Congress recently passed a new homebuyer’s tax credit available to older homeowners. What can you tell me about this? My wife and I have been thinking about downsizing to a smaller one-story house or condo and would like to find out if this could benefit us.

Downsizing Don

Dear Don,

For retirees looking to relocate or downsize to a smaller home, the new homebuyer’s tax credit offers a great financial incentive, but you better get moving. Here’s what you should know.

New Tax Credit

In an effort to help boost the U....