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west is water conservation. every single drop counts from here on out. >> wow. bill, thank you for explaining all that. the situation is obviously very dire. they need to find a way to compromise. thank you very much for explaining it to us. top of the hour on cnn newsroom. >> it's good to have you. this hour we expect to see the president at the white house. he'll sign a bill into law that one adviser calls a culmination of the administration's effort towards building the economy. >> the inflation reduction act as it's called makes historic investmentes in the fight against climat...

This makes a host sense. the fact that home prices are so high and mortgage rates are so high has slowed down sales activity. and what's important to remember is not the people don't need homes, they still need the homes. they just can't afford them at these prices and with these borrowing costs. and so unfortunately, the fact that supply is taking a hit, it's going to make the situation worse. let me show you what a zillow communi economist said. affordability will continue to plague the housing market. low inventory will keep the prices from falling substantially. some people are prices out ...