The average entry-level home in the US has soared to a record $243K and experts say first-time buyers are being smoked by a 'one-two punch'

This means that a first-time homebuyer needs to earn an annual salary of around $64,500 — which is over $10,000 higher than the average wage of Americans aged 25-34 — and up 13% from $57,222 a year ago.