Abstract: This paper uses stated preference and revealed preference data, separately and jointly, to examine individuals= choices regarding housing locations. In particular, it combines an established revealed preference approach, discrete-choice hedonic analysis, and a relatively new stated preference approach, choice-based conjoint analysis, to understand better individuals= housing decisions. These methods are appropriately combined since they reflect the same decision process: household selects the location that provides the best combination of attributes from the feasible set of alternatives. Analysis finds that actual and hypothetical housing purchases are similar decision processes with respect to some attributes, yet dissimilar with respect to other attributes. Nevertheless, combining the two types of data improves identification of both attribute categories.

JEL Classification Number: R21

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