Barack and Michelle Obama Purchase Their D.C. Rental Home: 'It Made Sense for Them'

The Obama family has officially bought a piece of D.C. property. Former president Barack Obama and former first lady Michelle Obama purchased the Kalorama home they've been renting since they left the White House in January. In a statement obtained by PEOPLE, spokesperson Kevin Lewis explained: "Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property." The Obamas have said th...