The Obamas Are No Longer Renters

They bought the DC home of NFL exec Joe Lockhart for $8.1M
By Arden Dier,  Newser Staff
Posted Jun 1, 2017 12:19 PM CDT
The Obamas Are No Longer Renters
Home, sweet expensive home.   (AP Photo/Andrew Harnik, File)

It's not the White House, but Barack and Michelle Obama clearly aren't too disappointed with their new Washington, DC, home: After renting it for several months, they've opted to buy it, reports People. The Obamas purchased the 8,200-square-foot home in the Kalorama neighborhood this week for $8.1 million, snatching it up from NFL executive Joe Lockhart, who bought it for $5.3 million in 2014, reports the Washington Post. Since the family plans to stay in Washington until Sasha, 15, finishes high school, "it made sense for them to buy a home rather than continuing to rent property," a rep says. (Read more Barack Obama stories.)

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