According to the Wall Street Cheat Sheet, which frequently reports information that could have an influence on market prices, President and Mrs. Obama have purchased a house in Asheville, North Carolina to live in post-presidency.

A source close to Wall St. Cheat Sheet has confirmed that the Obama family have purchased property in the city of Asheville in North Carolina as a post-Presidency residence. A call to get an official confirmation from the White House wasn’t immediately returned.

The President discussed retirement there last year during his trip to North Carolina during a speech in Asheville. “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.” On the one hand, a smaller city like Asheville doesn’t offer the same enormous population to lose oneself in as does New York orChicago. On the other, the president and his wife clearly like the area.

“The president first visited the Asheville area during the campaign, and he liked it so much that he vowed to take his family there. The president and first lady are planning to spend a quiet weekend enjoying some of the many things this beautiful part of the country has to offer,” reported the White House. This, of course, led to a great deal of “vacation like the president” slogans from the city’s tourism industry. “Find out for yourself what makes the Asheville area a vacation destination worthy of a president!” reads an Asheville Chamber of Commerce posting.

However, in the past few days, more than one possible retirement location has been batted around.

Rosslyn Smith, who is very familiar with Asheville, notes, “Given the common libel that Republicans don't like people who don't look just like them, does this mean Barack and Michelle don't like people who DO look like them?  Asheville isn't exactly a hotbed of African American culture, after all.  It's more like San Francisco without the Bay. “

David Martosko, US political editor of the UK Daily Mail, takes the rumor seriously enough to report it, and notes:

Asheville is also famously liberal, serving as a politically progressive oasis in a historically red state and housing a sizable community of artists and galleries.

There is also the occasional drum circle.

'We have lots of what are known here as "Trustifarians," an Asheville real estate agent told MailOnline, requesting anonymity 'in order to not offend anyone.'

'These are pretty ordinary rich kids with trust funds who like to play at being hippies.'

'But they pay top dollar for lovely properties, so we certainly welcome them even if these are their second homes,' she chuckled.

However:

But asked Monday if the Obamas had bought property there, White House deputy press secretary Josh Earnest shot back: 'That is not true.'