Question: My husband and I are retired, comfortable, and mortgage-free with $970K in savings and $5K in Social Security benefits per month. He wants to downsize to lower our costs, but I love our spacious house. Help!
Answer: For many people, retirement presents an opportunity to downsize to a smaller home and shed some of the costs associated with having a larger one. Yet recent Redfin data shows that older Americans aren't particularly motivated to downsize in today's housing market.
