Since 2015，the policies of the real estate market arecontinuously improving. Many provinces and cities，such as Sichuan，Xiamen，Shaoxing，Fuzhou，Xinjiang，Qinghai and so on，introduced a series of policies to stimulate their real estate markets one after another. The central bank reduced the interest rate on March 1st，followed by RRR cutsacross the board. Particularly，the newly-released 2015 government work reports did not mention “the real estate regulation”，but emphasized keeping housing consumption stable，giving targeted guidance and promoting the constant and sound development of the real estate market. By now，the tones of new real estate policies，which include consumption stability，classifiedguidance and long-term regulatory mechanism，have been clear under the “new normal” statement of deinventory，market differentiation and deadministration. It will be so beneficial to bring a smooth adjustment and transition to the real estate market.