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NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
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

Story By: Michael Crusan

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 IN OTHER NEWS
Local children explore emergency fields at NTCSubmitted: 07/24/2014

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MERRILL - Instead of just dreaming of being a firefighter, some children in Merrill actually got to try it out.

The Boys and Girls Club of Wausau went to Northcentral Technical College's Public Safety Center of Excellence in Merrill on Wednesday to explore careers in emergency fields.

"They're going to do one scenario where they're actually going to get put up into fire gear. And they're going to hook up a hose line on a fire truck and they're going to put out a dumpster fire," says Bert Nitzke, the Executive Director of Northcentral Technical College's Public Safety Center of Excellence.

Student's putting out the fire's say it was more difficult than it looked.

"It's kinda hard cause like the hose is pushing back really hard," says Jordyn Schalow, one of the students that took part in the training.

Students also got to experience EMS and police scenarios.

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Baldwin introduces bill to create more VA doctorsSubmitted: 07/24/2014

MILWAUKEE - U.S. Sen. Tammy Baldwin has introduced legislation aimed at increasing the number of doctors at Veterans Affairs medical centers and reducing wait times.

The Wisconsin Democrat said in a statement Thursday that the bill would create 2,000 residency positions over five years at Veterans Affairs hospitals nationwide. Residency is the next step in doctors' training following medical school.

The bill also would require the VA to allocate the residency positions based on doctor shortages at its facilities and to prioritize training for specialists who are needed.

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Packers shareholders meeting at Lambeau FieldSubmitted: 07/24/2014

GREEN BAY - The only publicly owned team in U.S. professional sports is holding its annual shareholders meeting.

The Green Bay Packers are expecting more than 12,000 shareholders Thursday for the meeting at Lambeau Field. The Packers have about 364,000 owners.

The meeting is held in the open bowl of Lambeau. Shareholders will vote for three nominees to the board of directors, Associated Banc-Corp CEO Philip Flynn, Schreiber Foods CEO Michael Haddad and University of Wisconsin-Madison's Dr. Elizabeth Trowbridge.

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Wounded Warrior Amputee Softball Team to play in Northwoods this weekendSubmitted: 07/24/2014

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LAKE TOMAHAWK - Wounded warriors won't let their injuries stop them from playing softball this weekend.

The Wounded Warrior Amputee Softball Team will travel to Lake Tomahawk to play the Lake Tomahawk Snowhawks this weekend.

The Lake Tomahawk Snowshoe Baseball Team needed to raise $40,000 to bring the team to Lake Tomahawk.

They also had to renovate the field.

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Program focuses on possible climate change in the Northwoods Submitted: 07/24/2014

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NORTHWOODS - A warming climate could challenge many of the plants and animals that live in the Northwoods.

People in Boulder Junction learned about some of those risks at the Community Center Thursday night.

The speaker says even though we've had harsh winters these past two years, the lack of ice in the long term could impact fish, evaporation rate and skiing.

"Winter's kind of the limiting factor of the Northwoods. So when you reduce winter, those species that are adapted to being here in this kind of winter, they're going to move further north and actually follow where the winter is because, it's hard to believe, but a lot of species can't live in warmer temperatures," said Naturalist John Bates.

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Wausau business man will spend 11 years in prison for fraud in 5 countiesSubmitted: 07/24/2014

NORTHWOODS - A former Wausau business man will spend 11 years in prison for defrauding more than a million dollars from homeowners and investors.

54-year-old Jay Fischer was found guilty of felonies of racketeering, theft, and fraud. He committed mortgage fraud through his Marathon County business Valley Title. He embezzled about $1million by failing to pay off old mortgages after homeowners got new ones. He did this to people in 5 counties including Vilas, Marathon, and Wood.

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Possible threat to potatoesSubmitted: 07/24/2014

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LANGLADE COUNTY - Farmers in Central Wisconsin need to keep a close eye on their potatoes.

Agricultural leaders from UW-Extension received a report of late blight from a farm in Portage County. Late blight is a disease that can kill potato and tomato crops.

The blight was found last week near Stevens Point, and leaders are worried about it spreading into Langlade County. Late blight can spread out several miles though the wind and the water. Agriculture experts in Langlade say there are certain things that you can do to protect your crops.

"Go out and scout them, look at them, we would like you to also spray protectants," says UW-Extension Agriculture Agent Stephanie Plaster. "Home gardeners should be spraying a copper or chlorothalonil-based spray. There are also organic copper sprays available for folks that would like to remain organic."

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