One thing the author mentions in passing is the settlement which is "almost certainly the historical Troy". The "serious" opinion used to be that the city was fictional. The same with Ur. I think the Babylonian captivity used to be considered as fictional too.
Of course ancient written sources embellish things, but they don't generally make things up out of whole cloth. Especially not things which are kind of embarrassing (e.g. "we used to be enslaved by those guys over there").