Will President Obama make Asheville home after his term ends?

The Wall St. Cheat Sheet is reporting that the Obama family has purchased property in Asheville.

During his last trip The President noted:

"Love coming to Asheville," said Obama. "Michelle and I always talk about how after this whole presidency thing, we're looking for a little spot to –” here an audience member said, "Come on down" — "Come on down? Play a little golf, do a little hiking, fishing, barbecue," said Obama. "There’s two things that keep bringing me back here. Number one is I really like the people. And number two is 12 Bones, which I will be stopping on the way back to the airport."