For the control of rising housing prices, local governments in China are adopting the "four limits" (purchase, loans, price, sale limits) measures; now the heat of the increase of housing price of the first-tier cities is cooling, down while second, third and fourth tier cities are facing adjustment risk. Anbound researchers believe that China's domestic first and second-tier cities in the real estate market are moving towards "market freeze". In the short term, this can indeed limit house prices; the existing policy combination can also effectively reduce the market speculative heat, clearing excessive capital bubble. But in the long run, China must also establish a real estate tax as the core of the long-term mechanism to achieve the healthy development of real estate, rather than fall into the macro-control over the years.