As the housing system reform has deepened continuously and the level of the resident income increases,the housing becomes a new consumption hot spot.After 1998,with the withdrawal of the housing distribution system and the implement of the mortgage policy,the real estate investment entered into a stable and rapid developing period.As a new growth point of national economy,the real estate provides impetus to the development of other industries,and makes important contribution to stimulating the national economic growth,and becomes one of the pillar industries of the economy. As the housing system reform has deepened continuously and the level of the resident income increases, the housing becomes a new consumption hot spot. After 1998, with the withdrawal of the housing distribution system and the implement of the mortgage policy, the real estate investment entered into a stable and rapid developing period. As a new growth point of national economy, the real estate impetus to the development of other industries, and makes important contribution to stimulating the national economic growth, and becomes one of the pillar industries of the economy .