The Blackstone Group (BX) is said to be in the process of selling its Invitation Homes unit through an IPO transaction. This could send shares much higher.
Low rates are kicking off a refinance wave in the U.S.. As homeowners lower mortgage payments and pull out equity, spending on furnishings should pick up.
Blackstone hedge fund transactions were snubbed by Wall Street. But although the hedge fund industry is out of favor, these deals will help BX grow profits.