The latest numbers show home appreciation and home equity declines in the Portland Metro/Vancouver/Beaverton area. Here is the chart:

Look at the impact of 2006-2008, probably through refis and home equity loans. Yikes! Although this is a broad group and the Vancouver area with new construction has probably made these statistics worse than they really are, it's interesting. I am surprised at the median downpayment amount.

Naturally, as Portland goes, our area goes. I don't have the actual numbers for our Mt. Hood area.