Applying the AD-AS Model to the Housing Market of Post-Socialist Economies

We propose applying the standard aggregate demand and supply model (AD-AS) to housing market. It is a very simple intuitive tool that can help shed light on major forces at play in market supplement use of general equilibrium dynamic stochastic models (DSGE). The latter are sophisticated aim cover many aspects economy, but they require significant number long time series estimate parameters. However, countries, such as post-socialist short. Those moreover only real house prices, certain situations we should consider nominal prices same time.