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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
Kids enjoy candy at Merrill's Labor Day ParadeSubmitted: 09/01/2014

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MERRILL - The rainy weather didn't stop some dedicated people from coming out to Merrill's Labor Day Parade.

People showed up with rain coats and umbrellas to enjoy their favorite floats.

The kids at the parade were looking forward to the candy.

"If there's no candy I'm not coming," says Nicholas Kriegel.

Leila Linnell got a lot of candy at the parade.

"There's a lot of people who just like throw out all this candy. I got three of these gigantic suckers. And it's like awesome," says Linnell.

Click on watch video to see the rest of the story.

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Manufacturer to move from Prentice to PhillipsSubmitted: 09/01/2014

PRICE COUNTY - The expansion of Northcentral Technical College's Phillips campus helped persuade one manufacturing company to move closer to the campus.

OEM Fabricators will move its Price County facility from Prentice to Phillips.

All 28 employees will also move to the larger shop, which will focus on welding.

The company's president said the tech college's manufacturing expansion factored into the decision.

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Two photographic exhibits to open next week at ArtStartSubmitted: 09/01/2014

RHINELANDER - The artists paired together in ArtStart's next exhibition couldn't have much different backgrounds.

Next Friday, the Rhinelander gallery will open with two very diverse displays.

"We have two photographic exhibitions opening. One is a solo artist, so the whole gallery will be their work, and the other is an artist who worked with teens as a kind of therapy program, photography and art as therapy," said ArtStart Development Director Melinda Childs.

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One person injured in Rhinelander crash Monday evening Submitted: 09/01/2014

RHINELANDER - A person got hurt during a one car crash near Rhinelander today.

The crash happened on North Shore Drive east of Rhinelander around 4pm.

Only one person was in the car.

The Oneida County Sheriff's Office, Town of Pelican Fire Department and the Oneida County EMS were at the crash.

We don't know the cause of the crash yet.

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Merrill businesses find counterfeit billsSubmitted: 09/01/2014

MERRILL - Someone might be making counterfeit bills in the Merrill area.

Several businesses told Merrill Police they were paid with counterfeit money in the last few weeks.

There are many simple ways to tell if a bill is real or fake.

We have a guide, and you can access it by clicking below.

Within the past year, businesses in Antigo and bars in Rhinelander have had problems with counterfeit money.

Contact the Merrill Police Department if you have any information.

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Fewer people at Merrill's Labor Day Car Show because of weather Submitted: 09/01/2014

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MERRILL - You wouldn't find as many people at this year's car show in Merrill compared to years past.

The car show usually gets about 2,000 people each year.

Organizers say they got about half of that this year because of the weather.

The Merrill Lions Club organizes the event.

This is one of the group's biggest fundraisers of the year.

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A local girl earns her Girl Scout Silver AwardSubmitted: 09/01/2014

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RHINELANDER - Shandi Peitsch will receive her Girl Scout Silver Award.

The fourteen-year-old will get the award because she finished a service project at the Rhinelander Ice Arena.

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