The Obamas just bought the Kalorama mansion they’d been renting in Washington

Former President Barack Obama and former first lady Michelle Obama purchased their rented Washington home for $8.1 million, property records indicate. They rented the eight-bedroom, nine-and-one-half bath in the capital's upscale Kalorama section from Inauguration Day until Wednesday, when the deed transfer occurred.

 The Obamas said they would remain in Washington as private citizens at least until their youngest daughter, Sasha, graduates from high school. She will begin her junior year at Sidwell Friends School in the fall.

"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," family spokesman Kevin Lewis said in confirming the purchase.