Loading

38°F

39°F

39°F

37°F

39°F

37°F

36°F

41°F

39°F
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

Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Wisconsin DNR encourages composting Submitted: 10/21/2014

MADISON - The Wisconsin Department of Natural Resources wants homeowners to compost or mulch fallen leaves. This will help keep the leaves out of landfills and lower the chances of burning piles.

DNR leaders say composting means more room and landfill and less chance of stray sparks from burning piles that can start wildfires.

Fewer burning piles will also helps maintain a high level of air quality.
potassium.

+ Read More
Rhinelander Winter Farmers Market to Open SaturdaySubmitted: 10/20/2014

RHINELANDER - One local group wants to make sure you can get fresh local produce even during the winter.

The Lean Coalition is partnering with the YMCA of the Northwoods for a new indoor winter farmers market. The Hodag Farmers market closed on Saturday.

+ Read More
Woodruff man charged with driving drunk, stealing and damaging property at Minocqua's WalmartSubmitted: 10/20/2014

RHINELANDER - A Woodruff man faces multiple charges for allegedly driving drunk, stealing and damaging property.

The criminal complaint says police got a call last Monday.

Timothy Brewster was allegedly knocking stuff off shelves at Minocqua's Walmart.

Security video from Walmart shows Brewster driving his car into a cart corral.

The video also shows him stumbling and knocking items from the shelf on the floor.

Brewster fought with officers when they tried to arrest him.

+ Read More
Antigo Marching Band takes third place at state competitionSubmitted: 10/20/2014

WHITEWATER - The Antigo marching band took third place at state on Saturday. The competition was held in Whitewater.

The marching band had a successful season this year. The band won first place at four competitions.

This was the 13th year the band has gone to state. Last year they took second.

+ Read More
Room tax funds marketing opportunities for events, non-profitsSubmitted: 10/20/2014

RHINELANDER - If you stay at a motel or resort, you may notice an extra tax on your bill.

A room tax is an extra tax placed on overnight stays.

Lodges and resorts in the City of Rhinelander and Town of Pelican collect room tax.

Now you may be able to get some of that money.

+ Read More
Two car crash sends 2 to hospitalSubmitted: 10/20/2014

WOODRUFF - A car driving the wrong way on Highway 47 west of Woodruff hit another car this morning.

An 86-year-old Lac du Flambeau man was driving south in the northbound lane.

He hit a car driven by an 87-year-old woman.

The man and his passenger, an 87-year-old woman, were taken to Howard Young Medical Center.

Their injuries aren't life threatening.

+ Read More
Northwoods school hosts anti-bullying programsSubmitted: 10/20/2014

MINOCQUA - Schools across the country struggle with bullying.

Northwoods schools like MHLT hope students learned from a traveling theatre group today.

All of their students attended a short play by the group, CLIMB Theatre.

Bullying has been a problem for the school.

+ Read More
+ More General News
Search: 




Click Here