Are the Obamas Headed to California?

President Obama and his wife, Michelle, “could be the owners of a home in Rancho Mirage listed at $4.25 million before the month is out,” the Los Angeles Times reports.

“The First Family is believed to be in escrow on a contemporary home in a gated community where entertainers Frank Sinatra, Bob Hope and Bing Crosby once maintained estates.”

“The White House said rumors regarding a home in Rancho Mirage are not true. But area real estate agents, who spoke on condition of anonymity, said the Obamas are the buyers of the Rancho Mirage home.”