White House denies Obamas are California Dreamin'

LOS ANGELES (KGO) -- President Barack Obama has visited California many times, but there are new reports that the first family may be buying a home here.

The Los Angeles Times is reporting the Obamas are in the process of buying this home in Rancho Mirage.

The $4.5 million estate has a three-bedroom guest house, a gym, a pool with a 20-foot waterfall and its own putting green.

The White House denies the rumors, but a real estate agent tells the Los Angeles Times that the deal could be done by the end of the month.