Despite much speculation over whether they would move back to Chicago, Barack and Michelle Obama have decided to stay in the nation's capital, in the very house they have been renting.

A spokesperson for Obama, Kevin Lewis, pointed out that it made sense for the Obamas to buy, rather than rent, given that they will be staying in DC for at least a couple of years, until daughter Sasha graduates from Sidwell Friends School. The neighborhood they have chosen is the affluent and upmarket D.C. neighborhood Kalorama, making other homes there appealing to anyone wanting the ultimate celebrity neighbors.