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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
Craft brewing discussion teaches public about beer industrySubmitted: 10/01/2014

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MINOCQUA - Brewing craft beers in Wisconsin gets more popular every year. People always want to learn more about it.

Minocqua Brewing Company turned into a classroom for beer enthusiasts Wednesday night. Experts from around the state shared the history and science of making beer in Wisconsin.

People could also learn how big of an industry brewing is turning into.

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Young eagles struggling to find foodSubmitted: 10/01/2014

RHINELANDER - Birds of prey in the Northwoods could struggle to find food this fall. Young eagles in particular are struggling to feed right now. Animal rehabilitation groups have seen spikes in the number of starving eagles this year. The late start to the spring may be one of the problems.

"It's not the most amount of eagles that we've ever had, but it's the largest amount of starved juvenile eagles that we've ever had," said Wild Instincts Director Mark Naniot. "We saw a lot of the eagle chicks coming in that were very small compared to what we usually see. They normally fledge around the 4th of July or about a week before they start leaving the nest. We were getting some that were not even close to leaving the nest at the end of July."

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Tour and workshop to help businesses draw more customers to Northwoods Submitted: 10/01/2014

VILAS COUNTY - The beautiful scenery, resorts, and other attractions draw many tourists to the Northwoods.

Local businesses want to keep it that way.

While the summer season wrapped up a month ago, some businesses are already thinking about next summer.

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Teenagers open long-awaited grocery store in WabenoSubmitted: 10/01/2014

WABENO - Wabeno has been hungry for a grocery story since its last one closed years ago.

Now, the community has one, and customers are in for a surprise.

"They're like, is the owner or manager here? I'm like, I'm right here," says 17-year-old Kaitlyn Ashbeck.

Twins Kaitlyn and Abigail Ashbeck opened Ashbeck's One Stop this summer at age 16.

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UPDATE: 17-year-old suspect admitted to bomb threats at Medford Area Senior HighSubmitted: 10/01/2014

MEDFORD - Medford Police wants a 17-year-old charged with a bomb scare felony after Wednesday's evacuation of the high school.

The suspect made two different bomb threats through the social media app "Yik Yak."

He referred to bombs in his locker.

Medford Area Senior High was evacuated and searched after 1 o'clock.

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Police looking for suspect in a theft of 23 carsSubmitted: 10/01/2014

EVEREST AREA - Everest Metro Police want to find who tried to steal from 23 cars in the past week. Almost all the cars were left unlocked.

Some car owners lost money and other property. Some of the cars were inside an unlocked garage.

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Walker slightly ahead of Burke in new pollSubmitted: 10/01/2014

MADISON - With less than five weeks until Election Day, a new poll shows Gov. Scott Walker is slightly ahead of Democrat Mary Burke in the race for Wisconsin governor.

The Marquette University Law School poll released Wednesday shows Walker with 50.5 percent support among likely voters compared with 44.7 percent for Burke.

That 5.8-point lead is just above the poll's 4.5 percentage point margin of error.

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