Cordova/Memphis future outlook

[Evan L.]

I'm looking for insight into the outlook for the Cordova area. I have a single family 5 br, 2.5 bath, 3150 sq ft. and is a couple houses down from the lake. I believe it's in a good location, but have some concerns due to its large size, being out of state, and other concerns. My goal was to hold it long term, but I got a good offer to sell as the house has doubled in value since purchased.

I would appreciate info on population growth, inventory, job, vacancy, whatever should be important. I read that population has stagnated the past few years, and hundreds of homes are being built in memphis which the realtor says will make the prices go down along with interest rates increases.

And any thoughts on the future outlook on the area? Thanks!