Water rights a budding real estate issue in the West

The West is facing massive water-shortage issues. Lake Powell and Lake Mead, two key portions of the dammed Colorado River, provide water for millions of residents and businesses in the West, are drying up. This New York Times feature profiles a housing development of 500 to 700 homes in Arizona that is left without water service as neighboring Scottsdale, which had provided service, cut it off citing the need to conserve its allotment. This is just the beginning of a major readjustment to life and growth in the West as it confronts increasing populations and decreasing water reserves.