ReHo measures fMRI BOLD signals' similarity (or accordance) among one voxel and its neighbouring voxels (in three dimension, 26 voxels). For each voxel, ReHo value can be calculated, therefore, we can get a "ReHo" brain, this is a local functional connectivity measurement. For details please refer to Zang et al., 2004, NeuroImage, "Regional homogeneity approach ..."
fALFF is a variation of ALFF. ALFF measures fMRI BOLD signals' fluctuation. In each voxel, there will be a BOLD time series, the amplitude of its fluctuation (or the variation of the fluctuation) in a certain frequency band (we usually use 0.01-0.08 Hz as its the main band for resting-state functional connectivity) produces ALFF. Therefore, fALFF measures the fluctuation characteristic for each voxel. Please see Zang et al., 2007, Brain & Development, "Altered baseline brain activity in children ..."