President Barack Obama and his wife Michelle have bought the Washington DC house they have been renting since leaving the White House. It is believed to be the fourth house owned by the couple.

The former President of the United States and his wife have paid US$8 million (NZ$11.4m) for the Kalorama property that was formerly owned by Bill Clinton’s press secretary Joe Lockhart and his wife, Giovanna Gray Lockhart. The Lockharts sold the house in 2014.

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President Barack Obama and wife Michelle have bought this house in Washington, for $11.4 million. They have been renting the property since leaving the White House in January.