The paper discusses the peculiarities of the development of the housing market as the basis of national wealth.  Тhe main problems and contradictions of the residential real estate market are disclosed , taking into account the impact of the global financial crisis. Main subjects of the housing market are identifed and the special attention is paid to the role of the state as a regulator of economic relations in the field of housing.Main objectives of the state policy in the housing market are: to ensure the financial sustainability of the institutions;protection of the population and development of market infrastructure. For the effective functioning of the market of residential property in the Russian Federation it is necessary to take into account the peculiarities of its formation and development, as well as to improve mechanisms for coordination of economic interests of its subjects.

Keywords: features of the residential real estate market, the global financial crisis, housing affordability, public policy, participants of the residential real estate market

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