In China，as one of the key industries directly related to the two issues of combating the world-wide financial crisis and boosting the domestic demand，the real estate industry is also the crucial industry linking improvement of people’s livelihood and boosting of domestic demand.

China’s macro-regulation to the real estate industry includes interrelated three and independent area：the regulation of the industry on the whole，the standardization of the real estate market，and the construction of housing security system.

The fluctuation of house prices is the basic form reflecting the function of markets in allocating the real estate resources，behind which hides the complicated relationship between social distribution and redistribution.

Real estate developing enterprises are the products of specialized division of social production，and they are the indispensable constituents for China’s development of its socialist market economy. So far，there have been no systematic data proving the existence of supernormal returns in the real estate industry yet. And normal investment in purchasing houses and speculative purchase of houses can bring about both good and bad effects on the whole economy.

Reasonable construction land for real estate implies the win-win relationship between the land revenue of local government，the profits of real estate developers，land requisition compensation for farmers，and satisfaction of housing needs of urban people.

Taking into consideration the decades of years of flourish of China’s house market，the present temporary fluctuation is more similar to the short cold period in spring. For China，the major risks for China economy is from the sharp rise or decline of house price. At present，the relationship between China’s house market and the government’s macro-regulation is featured by the government’s excessive intervention，and therefore，the major task of the government is to adjust and rectify the present invention，and to be specific，it includes the elimination of unnecessary administrative intervention and perfecting the market system and mechanism of allocating real estate resources further.