It's March 12, and on this day in 1956… Elvis Presley and his parents, Vernon and Gladys, officially became homeowners when they purchased a house from the Welsh Plywood Corporation for \$29,250. This marked a major milestone for the Presley family, signaling Elvis's rapid rise from modest beginnings to national fame. The property would become their first real home after years of renting—and just a year later, they would move into the mansion that would define Elvis's legacy: Graceland.