Apparently President Barack Obama just can't get enough of Torchy's Tacos, traffic, and tech: The first family is set to announce on Friday that they plan to relocate to Austin once the president's term is up. "The president has been impressed by the city's natural beauty and bustling economy," according to a statement issued in advance by the White House. While there's speculation that Obama is mulling a position at UT's law school, sources say Michelle is contemplating continuing her foray into music, and may seek to follow her "This Is for My Girls" track with one that incorporates local acts. And with UT's expansion across I-35, university officials believe there will be plenty of room for a second presidential library.

An ironic side benefit: Although Obama cannot be said to be a fan of our state's gun laws, he has reportedly joked to friends that "at least my Secret Service detail will blend right in."

Update: At press time, rumors were swirling that the Obamas were rethinking a move to Austin proper. "Are you kidding me with these property taxes?" a source close to the family reports Obama exclaimed. An unnamed Realtor® told the Chronicle that the Obamas are now looking at properties in Pflugerville, Cedar Park, and Round Rock.