In the current Corvallis market, if a person wishes to purchase their own home, now is the time. I base this on home prices which are lower today than 3 years ago and in many cases still falling and interest rates which are running between 4.75% and 5.25% very low. Thus today in Corvallis a home buyer can purchase more home for their money than anytime in the last 3 to 4 years. All in all a great time to buy and start building equity. Rentals do abound however most have restrications as to pets etc and you build no equity.