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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
Wisconsin restaurants dealing with rising custard costs Submitted: 08/20/2014

RHINELANDER - Getting a double scoop of custard might cost you double.

Custard prices are up in Wisconsin and across the nation.

Key ingredients in custard are milk, eggs and butterfat. Butterfat is driving the cost of custard up.

A National Milk Producers report shows supply and demand is tight for butter.

Inventories have dropped more than 40% over the past year.

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ACT Exam mandatory for Wisconsin students this yearSubmitted: 08/20/2014

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EAGLE RIVER - College bound high school students in the Midwest need to take the ACT.

One Northwoods high school has seen an increase in how many students are taking the test.

About 60% of students at Northland Pines High School took the ACT last year, compared to about 53% that took it in 2010.

"We're increasing that number every year, doing our best to do that and encourage students to take this test," says Northland Pines High School Principal Jim Brewer. "It's not only just for students that are going to college, it's for anybody to take this assessment and see where they're at."

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Shawano thinks small in economic development role in Forest CountySubmitted: 08/20/2014

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FOREST COUNTY - A new Forest County economic development leader wants to think small, instead of thinking big.

Gene Shawano Jr. just took over as President of the Forest County Economic Development Partnership.

He will help fill a void left when Executive Director Jim Schuessler and President RT Krueger each stepped down earlier this year.

Shawano wants to bring the focus back to small businesses in the county.

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Looking for a brand new restaurant to try?Submitted: 08/20/2014

RHINELANDER - Do you find yourself looking for new places to eat out?
Well, Tula's Cafe recently added a brand new location in the Northwoods.
We found out what makes them unique, in our latest helping of 'Morning Meals with Marisa.'

Tula's recently reopened in Rhinelander. This is their second location and the manager told us so far, so good.

Tula's manager Lana Knack explains, "They said it's great to have a new restaurant choice to go to up in the Northwoods. Tula's is very successful in Minocqua, so we model everything that they do and it's worked very well."

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New road signs put up, some older stop signs taken downSubmitted: 08/20/2014

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ANTIGO - You'll need to look out for some changes on the road in Langlade County. That's because the state Department of Transportation is putting up new signs on intersections along Highway 52. Some signs will also be taken down.

Certain stop signs have already been taken down. DOT traffic experts say they're just getting rid of redundant signs. They don't expect safety to be affected. But some drivers are concerned.

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Teens arrested after high speed chaseSubmitted: 08/20/2014

LINCOLN AND PRICE COUNTIES - Police arrested three teens after a high speed chase across two northern Wisconsin counties.

Police say the teens drove as fast as 110 miles per hour Tuesday night during a 30 mile chase through Lincoln and Price counties.

The chase began when an officer was doing a security check on a Tomahawk business and noticed a suspicious car with three people inside.

The car sped away down Highway 8 and deputies followed.

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Wisconsin retains number 2 spot on ACT test Submitted: 08/20/2014

MADISON - Wisconsin retains its number two spot among states on the ACT college entrance exam.

The state's high school seniors scored an average composite of 22.2 out of a possible 36, ranking Wisconsin behind Minnesota. Seventy-three percent of Wisconsin seniors took the exam this year. The curriculum-based test measures students' readiness for the first year of college.

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