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'Rebound' Explained?

The semi-worrisome rebound that has been seen in the Hamptons' real estate market of late may just be the result of timing. A comment attached to a rebound-debating article in Long Island Business News notes that the Hamptons' seasonal market, not an upturn in the economy, may be the cause: 'First quarter sales are always minimal, second quarter they start to creep up, third quarter wipes the floor with the other two and the fourth quarter simply catches the ones who jumped on the bandwagon too late to close in the third quarter.' Q3 ends September 30th, hedge your bets as you please. [LIBN]