US Households Boost Stock Allocation to 31% of Net Worth in Historic 2025 Rally as Real Estate Share Falls Below 30%

US households are rebalancing, according to KobeissiLetter data, as the current stock-market rally is framed as historic. The share of household net worth held in equities now exceeds real estate for the third time in roughly six decades, signaling a notable shift in risk posture.

In Q2 2025, corporate equities and mutual funds comprised about 31% of household net worth, a fresh high that has widened markedly since 2008, when the ratio was substantially lower.

The real estate share of total net worth slid below 30% in Q2 2025, the first dip since 2021 and well under the 38% peak reached before the 2006 real estate cycle.

As investors digest these shifts, market observers note implications for risk assets, including crypto markets, where liquidity and risk tolerance can influence price dynamics.