Former President BARACK OBAMA and former first lady MICHELLE OBAMA have purchased the home they were initially renting in an exclusive area of WASHINGTON DC, following their exit from the WHITE HOUSE, it was reported on Wednesday.
   The 44th president and his family are now the owners of the 8,200-square-foot mansion located in the KALORAMA section of the capital after buying the property for $8.1million.
   The former first family reportedly intends to remain in DC while their younger daughter, SASHA, completes her high school at SIDWELL FRIENDS.
The OBAMAS also own a home in the HYDE PARK section on CHICAGO’S SOUTH SIDE (is).