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Home prices have dropped 34 percent since 2006, and the 30-year fixed mortgage rate just fell to a record low of 3.83 percent. So is now a good time to buy a home?

No, says Gary Shilling, an independent economist. “Don’t buy your first house now unless you’re willing to lose 20 percent of its market value in the next several years, maybe more,” he writes in The Wall Street Journal.

Read more: Gary Shilling: Buying a House Now is a Losing Bet

A new report from Standard & Poor’s estimates up to $46 trillion in
refinancing and new financing needs by companies during the next four
years — and credit markets may not be able to handle it, the Business
Insider reports.

Read more: S&P: ‘$46 Trillion Perfect Storm’ Closing in on US