One HOA - Walnut Gardens in Cordova - tacked on new rules to even the playing field between families and investors, by explicitly banned rental properties.
The Investigators: Memphis real estate market is hot; what will redevelopment look like in long-neglected areas?
Mid-South Housing Market: Who s moving in? By Jessica Jaglois | May 13, 2021 at 11:25 PM CDT - Updated May 14 at 12:03 AM
MEMPHIS, Tenn. (WMC) - Low inventory and low interest rates have created a historically hot housing market in the Mid-South.
Sellers are commanding more money for their homes and are receiving offers from as many as 70 prospective buyers.
A WMC Action News 5 Investigation takes a closer look at where those buyers are coming from, and why some homeowners wonder if all growth is good growth.
One of those homeowners is Carlotta Hill, who has lived in the Riverside neighborhood of South Memphis for 20 years.