How it is is a phrase that is commonly used to describe a situation or state of being. However, there are many different synonyms for this phrase that can be used to express the same idea. Some examples include: the way things are, the current state of affairs, the status quo, the existing situation, the present reality, and the state of things. Each of these phrases can be used interchangeably with how it is to convey information about a particular circumstance or condition. No matter which phrase you choose to use, the important thing is to be clear and concise in your communication.