Under the policy background of “Resolutely Curb the Rise of House Prices”，the growth rate of housing sales has slowed down significantly in 2018，and we have been curbed the precipitous rise of housing prices in the first-tier and second-tier cities，reducing excess inventory of housing in third and fourth-tier cities has achieved certain results. However，there are still several risks that deserve to be attention：the first，the rent of housing in first-tier cities is rising too fast. The second，the bubble of housing prices in third and fourth-tier cities is accumulating. The third，the liquidity risks of small and medium-size real estate enterprises. The forth，in addition to guard against the risk of a rapid rise in housing prices，we must be alert to the systemic risks caused by a sharp fall in housing prices. Affected by the factors such as urbanization，housing commercialization，financial deepening，China’s housing prices have been rising for a long time. Therefore，we need to accelerate the reform of the housing system and construction of long-term housing mechanism to prevent and resolve the risks of the real estate market. The specific measures we suggest as follow：in the first place，vigorously promoting the construction of the housing rental market and implementing the reform of housing supply system by both renting and selling. In another，imposing a reasonable level of property tax，so that local governments can gradually get rid of the dependency on the land finance. Finally，in financial aspect，it is necessary to reform the current housing provident fund system，develop financial systems and products that support the housing rental market；and it is also necessary to guard against the transmission of real estate market risks to banking system and informal financial system. Looking forward the next year，we believe that there will be no substantial change in the real estate market. The growth rate of housing sales may continue the slowdown trend slowdown trend in 2018；the growth rate of housing prices will fall back，and housing prices in some cities may experience a downward process. The land market will return to rationality.