Cordova/Memphis future outlook

[Evan L.]

I'm looking for insights on the outlook for the Cordova area. I have single family 5 br, 2.5 bath in 38016 a couple houses down from the lake. I believe it's in a good location. My goal was to hold on to it long term, but I got a good offer to sell as the house has doubled in value since I purchased it.

I would appreciate info on population growth, inventory, job, vacancy, etc. I read that population has stagnated the past few years, and hundreds of homes are being built in memphis. The area has had low inventory for a while.

And any thoughts on how a recession would affect the area? Thanks!

[Curt Davis]

Prices may not be soaring like they were the past several months but the home is worth more now than when purchased and rents done historically go down.  The home should cash flow better now so I dont really see any downside.