Tornados and Value

Here is a real life question that the appraiser who appraised my listing didn't know at the moment but had to find out.  When a tornado tears up your community is that a bad thing for value?  If your comps are no longer comps does that affect value?  If there aren't as many homes in the area does that raise value? (supply and demand).  We had a F3 tornado go through Suffolk, VA a few days ago and some communities are more than half gone (no one was killed or severly injured).   These are your typical subdivison built in the last ten years or so.  Luckily the listing is not closing for a while but it could have been bad.  The appraiser has to go back out and make sure the house is still there and not damaged.  The tornado went by a half block away.  Oh my.

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