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NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
Story By Michael Crusan

RHINELANDER - Low mortgage rates and the recovering economy have come together to make buying a home cheaper than renting.

In the Northwoods realtors say homes are selling for up to 80-percent below the fair market value.

John Krueger is a Realtor at John Krueger Realty and says, "So that means the trend has reversed from a sellers' market to a buyers' market. That will reverse again because in the real estate business we're always in a cycle. Unfortunately we're in a longer cycle than usual, but that's going to go back up again."

While prices are low, many are taking advantage of the deals and turning a profit by converting homes into rental properties, Krueger says, "Investors and contractors are scooping up some of these low-end properties to rent. The rental market is strong and the prices of rental properties will show that. So many people lost their homes, unfortunately, and they have to go someplace, so they rent."

This buyers' market won't hang around forever though and realtors recommend purchasing a home now if you can afford it before it turns back into a sellers' market.

Related Weblinks:
John Krueger Realty

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 IN OTHER NEWS
Dog kills 7-year-old boy in eastern WisconsinSubmitted: 10/25/2014

TOWN OF HUSTISFORD - A 7-year-old boy has died after being severely bitten by a dog in Dodge County of eastern Wisconsin.

The Dodge County Sheriff's Office says in a statement that the incident was reported just before 5:30 p.m. Friday in the Town of Hustisford.

Lt. Brian Loos says that a 911 caller said the boy was bleeding profusely. He says dispatchers began to talk the mother through CPR while numerous agencies responded. But the child died at the scene despite extensive lifesaving efforts.

The statement says names, addresses and additional information about the nature of the incident and the dog won't be released for now out of respect to the family.

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Early Halloween celebrationsSubmitted: 10/25/2014

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RHINELANDER - Halloween won't be here until next week but the celebration has already begun in the Northwoods.

Hundreds of kids took over the streets of Rhinelander Saturday. They all had one goal in mind...candy!

For many of the kids, this was the second time they've gone trick or treating. Hundreds of people got candy at the YMCA's Not So Scary Halloween Trail.

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Wisconsin sex offenders must stay home HalloweenSubmitted: 10/25/2014

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MADISON - Police are teaming up with parole agents across Wisconsin to make sure sex offenders stay home on Halloween night.

All of Wisconsin's 5,000 registered sex offenders under active community supervision are subject to special restrictions on Halloween.

Grace Roberts, who heads the Department of Corrections sex offender program, says they began actively enforcing the rules under the Halloween Knock and Talk program about eight years ago.

Offenders are barred from putting up Halloween decorations that might attract children to knock on their doors.

Milwaukee County Sheriff David Clarke says his officers will be out both this weekend and next reminding registrants they're being watched.

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Pet Expo brings in dogs and ownersSubmitted: 10/25/2014

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EAGLE RIVER - Plenty of dogs and their owners took over a well known place in Eagle River Saturday.

More than 25 vendors filled the Eagle River Derby Track.

This is the first time WRJO of Eagle River held the Pet Expo. They wanted people to get good information about grooming, veterinarian services, dog treats and other aspects they might not have known about.

"The veterinarians and some of them are doing essentials oils that are good for their skin. There's dog nutrition," said WRJO Account Executive, Trish Keeley. "There's when they need to get shots; when they should be worried about ticks, flees and spay and neuter. All that type of information."

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Second year of pumpkin display in RhinelanderSubmitted: 10/25/2014

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RHINELANDER - Rhinelander continued a Halloween tradition a week before the special day.

You could see pumpkins lined up in front of Trigs Saturday night. This is the second year Downtown Rhinelander Inc. held the pumpkin sighting.

They didn't have as many pumpkins as they did last year, but people still had the chance to judge which pumpkin had the best carving.

"We just wanted something that would be pizazz when people drove by or walked around. They would see all these lit pumpkins," said Downtown Rhinelander Inc. member/Sandy Bus, Joan Belongia.

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Suspect sought in 2 stabbings near UW-OshkoshSubmitted: 10/25/2014

OSHKOSH - Police are seeking a suspect in the stabbings of two students near the University of Wisconsin-Oshkosh.

Authorities say the stabbings happened around 11 p.m. Friday in a neighborhood east of campus. A police statement says the suspect confronted the first victim and took his cellphone, then stabbed him in the ensuing struggle.

Police say the second victim chased the suspect, another struggle ensued, and he was also stabbed.

A university statement says both students were seriously injured but are recuperating at an area hospital.

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Wisconsin insurers signing up same-sex couplesSubmitted: 10/25/2014

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MILWAUKEE - Several Wisconsin insurance companies are holding special sign-ups so same-sex couples can add spouses to their health plans.

The special enrollment period is needed because gays and lesbians who got married this summer were unable to add spouses to their coverage amid the uncertainty surrounding the legal status of their marriages.

People generally can make changes to a health plan during the year only after a ``life-changing'' event, such as a marriage, divorce, or birth or adoption of a child.

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