A broad conceptual framework is introduced in which housing choices people make are assumed to be mediated by their beliefs that the choices will lead to residential satisfaction. On the basis of this framework, a more specific model is derived in which housing attributes are assumed to be perceived as directly or indirectly (through the facilitation of activities) instrumental for the attainment of values important to seek in housing, like comfort, wealth, and well-being. In addtition, drawing on theories of decision making, how preferences for housing alternatives are formed is modelled. The ample empirical evidence for the models that exist is briefly reviewed. However, previous research has shown that choices of housing alternatives cannot be predicted from preferences. One of several reasons appears to be that housing alternatives which are more preferred than the present dwelling are frequently not available in the market. If households choose less preferred alternatives, the question must be raised whether it will result in residential dissatisfaction? Against such an expectation speaks the previous finding that households were as satisfied with choices of less preferred alternatives as they were with choices of more preferred alternatives. A study is reported aiming at replicating this finding as well as extending it to measures of satisfaction obtained several months after the choices were made. Forty six households searching for new dwellings were interviewed during the search process. After 12 to 18 months 19 of them had found a new dwelling. Thirteen were interviewed once again from 12 to 18 months after the move. Only 17% of the households, as compared to close to 50% in a previous study, chose less preferred housing alternatives. In these cases the households were satisfied with their choices. No changes in how the households perceived and evaluated the chosen alternatives were found after relocation, although there were changes in the importance placed on different attributes such as cost and location which were consistent with the choices made. These changes most likely reflected changes in perceptions of the housing alternatives in connection with the choices. Granted that both the households and the housing conditions should have changed during a period of a year or more, the results may suggest that people's views do not easily undergo metamorphises as soon as they have committed themselves.