The family moved into the house in January. In May The Washington Post reported that they bought it for $8.1 million. They plan to live there at least until Sasha graduates from high school in 2019. "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," Obama spokesperson Kevin Lewis said in a statement to the Chicago Sun-Times.