Data shows that in the first season, the real estate indices of the two cities fell 13.29% and 10.81% respectively, while during the same period the fall of Shanghai Composite Index was as high as 34%. It is obvious that in the first season, the real estate stocks were stronger than the overall market; However, within 20 days after entering into April, the real estate indices of the two cities fell as high as 29% and 35.83% respectively. Within one week from April 14 to 18, the weekly fall of the real estate index has been as high as 21.54%, while during the same period the fall of Shanghai Composite Index was only 10.24%.