William Faulkner purchased The Bailey Place home in 1930 and renamed the property Rowan Oak after the rowan tree, a symbol of peace and serenity, the following year. Faulkner’s years spent at Rowan Oak were productive, as he set stories and novels to paper, ultimately winning the Nobel Prize for Literature in 1949 and the Pulitzer Prize and National Book Award in 1954 for A Fable. William Faulkner remains one of the most celebrated and studied authors in the world, with conferences, societies, and journals dedicated to his life and work.