Earlier quoted context omitted.
The problem is that all of those DC devices don't operate on 48V either. The vast majority of chips require a 5V or lower input, so with a 48V DC supply you're still going to need a per-device PSU to do DC-DC conversion. In other words: no getting rid of power bricks. Efficiency isn't as straightforward either. You're still being fed by 120V/230V AC, so you're going to need some kind of centralized rectifier and down…
What if all homes had battery storage and or solar? You could then simply use it's rectifier as needed or direct 48v from the solar panels. That would be even more efficient than 230v.
Also, you'll need wires that 5 times thicker. Instead of needing a reasonably 1mm^2 for a normal 16A line, you'll need 5mm^2 for the same power.