Much of the success experienced in local economies and housing markets can be attributed to the residents who live there, and when it comes to Houston, this could certainly be the case.According to Forbes Magazine, 13 of the richest people in the country reside in Houston, and they all have a net worth greater than $1 billion. The city's richest resident is Kinder Morgan Inc. chairman Richard Kinder, with a net worth of $9.4 billion. This was enough to put land him at the number 34 spot on the overall list.? This high presence of wealth is not surprising. After all, Houston currently has one of the strongest housing markets and local economies in the country. These factors have made investing in Houston real estate an appealing prospect for local residents and buyers from across the country.As a result of this growing interest, single-family home prices averaged $224,464 during the month of August, according to the Houston Association of Realtors. Meanwhile, activity among distressed properties declined significantly during the same period, which could be representative of growing household financial stability in the area.?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.