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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
Hearing set on request to change Wisconsin ballotSubmitted: 09/18/2014

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MADISON - A court hearing has been set for next week in the lawsuit filed by Republican legislative leaders seeking to force a change in the model ballot for the November election.

Meanwhile, the state elections board is telling local clerks to move forward with sending out absentee ballots while the lawsuit is pending.

The complaint was filed Wednesday in Waukesha County Circuit Court by state Senate Majority Leader Scott Fitzgerald and Assembly Speaker Robin Vos. They argue the ballot as drafted is confusing and unfairly benefits Democrats because of how it's designed.

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Middle School students in Merrill work to get rid of invasive speciesSubmitted: 09/18/2014

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MERRILL - Students at Prairie River Middle School in Merrill want to enjoy the river behind their school.

They spent time on Tuesday clearing out some of the invasive species along the riverbank.

"They're taking over and we need to get rid of them while there's still time," says 8th grader Morgan Henrichs.

Science teachers at Prairie River Middle School want to teach their students how to get rid of invasive species.

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Cars for sale in a local parkSubmitted: 09/18/2014

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ANTIGO - People looking to buy a car could go to a dealer, or go online.

How about going to a park instead?

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Integrys auctions off property in St. Germain Submitted: 09/18/2014

ST. GERMAIN - Investors could try to grab lakefront property in St. Germain today.

Integrys is the parent company of Wisconsin Public Service.

The group sold its property in the auction.

"We don't need the property, there's no use for it and there's no sense in us hanging on to it. We've carved it into some very large lots and given now with this auction, people the opportunity to own a nice chunk of land on a really pristine, small lake," said Integrys Spokesperson Kerry Spees.

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Pair of trails opening after storm clean upSubmitted: 09/18/2014

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RHINELANDER - A pair of trails will open Friday in the Chequamegon-Nicolet National Forest after weeks of storm clean up, according to a U.S. Forest Service press release Thursday.

The majority of the Flambeau Trail and the ATV 421 trail will be open.

Officials with the Forest Service say the two trails are some of the most heavily used motorized trails in the Chequamegon-Nicolet National Forest.

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Detective team arrest 3 people for growing marijuanaSubmitted: 09/18/2014

BRUCE CROSSING, MI - Detectives from the Upper Peninsula Substance Enforcement Team, or UPSET arrested three people for growing marijuana.

It happened Wednesday at 11:30 in the morning near Bruce Crossing.

UPSET detectives seized nearly $6,200 in cash, 130 marijuana plants, a gun, 5 pounds of marijuana that had already been made, 1 gallon of what detectives think was hemp oil and illegal mushrooms.

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Rhinelander Area Scholarship Foundation raffles neon Hodag signSubmitted: 09/18/2014

RHINELANDER - Rhinelander Area Scholarship Foundation is holding the 2014 Neon Hodag Sign Raffle.

Your support will help in raising money to award more scholarships for RHS graduates annually.

The RASF is a non-profit charitable organization with a volunteer governing board that raises money and distributes scholarships to Rhinelander students, many of whom may not get scholarship support from other sources.

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