[niam]

Some easy US examples would be the literally destroyed homes from wildfires and floods.

Updated insurance rates are pricing people out of neighborhoods after a history of underpricing insurance.

Surrounding less-risky areas receive surges in prices after disasters that prompt buying/selling. Sometimes landlords sell property and pull the rug from underneath renters, further displacing people.

Adding to costs: FEMA's "50% Rule" requires that it's not enough to simply repair damaged homes in flood zones--you're mandated to tear down the home and rebuild to modern standards at raised elevation if the damage exceeds 50% of the home's value. Some people ignore this and rebuild anyways.